REIT pays €26.2M for thee hypermarkets
A real estate investment trust (REIT) belonging to Sonae Sierra has paid €26.2 million for three Continente hypermarkets. Olimpo Real Estate Portugal (ORES), was the first real estate investment [...]
Sonae doubles profits to €268M
The Portuguese real estate, shopping mall and supermarket giant Sonae has doubled its profits on 2019 posting €268 million for 2021. Overall, its business turnover exceeded €7Bn by the end of [...]
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60% of Sonae’s investment linked to sustainability goals
The Portuguese multinational property, supermarket and shopping centre development and management giant Sonae has already linked 60% of its investment finance to green goals. Both directly and [...]
APCC confident January sales mark recovery
The Portuguese Association of Shopping Centres (APCC) believes that the January sales could mark the beginning of the sector’s recovery. On the day that the sales began on 15 January, the CEO of [...]
BPI fund buys Saldanha Residence
The real estate investment fund that is managed by the Portuguese bank BPI, BPI Imofomento, has acquired the Lisbon shopping centre Galerias Saldanha Residence for €27 million The deal announced [...]
Amoreiras owners seek €9M from State
The shopping centre management group Mundicenter, which owns Amoreiras Shopping, has filed five court actions against the Portuguese State to the tune of €8.8 million. The court actions have to [...]
Glicínias Plaza opens Thursday
One of the largest real estate projects in the Portuguese shopping centre segment in the past decade opens its doors tomorrow. The Glicínias Plaza in Aveiro was subject to a €40 million revamp [...]
