CBRE Advises on the Sale of Albufeira Retail Park
CBRE, the world's leading real estate services consultant, advised on the sale of Albufeira Retail Park, owned by a publicly listed REIT*, to the Iberia Coop Fund (CBRE Global Investment Partners and Sonae Sierra).
Located in Guia, Algarve, Albufeira Retail Park has 11,150 sq m of GLA and comprises national and international brands such as Conforama, Rádio Popular, Nike and Casa.
We are very pleased for another successful deal. It was a competitive process, with several investors revealing a strong interest, which demonstrates the excellent cycle the Shopping Centers and Retail Parks sector is going through in our country. This transaction further strengthens CBRE's Iberian leadership position in the Retail market, where we have more than 3 billion Euros transacted in the last two years, of which more than 200 million euros were completed in Portugal.
*REIT: Real Estate Investment Trust