Square to invest in Madeira

Square Asset Management has admitted it will invest more in Madeira after acquiring the shopping centre La Vie Funchal.

Through its fund CA Património Crescente, Square AM purchased the shopping centre from CentroNovoFunchal SA for an undisclosed amount.
The asset management company that has €1.8Bn in assets under management, says that future investment on available opportunities that fit with its investment policy according to Fernando Ferrera in an interview with the publication Económico.
Square is one of the largest real estate asset management and consulting group’s in Portugal operating locally for 18 years with a 12.8% market share. It specialises in three different areas: Income Funds, Specialised Funds and Strategic Consultancy.