CBRE MANAGES FOUR PROPERTIES FOR ABERDEEN
At the beginning of April, CBRE took on the management of four properties from Aberdeen European Balanced Property Fund (AEBPF). At the moment, these unities are occupied by Modelo Continente Supermarkets, belonging to the Sonae Group, in Sintra Palmela Loulé and Leça de Balio These units comprise in total 23,000 sqm in gross lettable area.
AEBPFis an open-ended core real estate fund domiciled in Luxembourg, registered for distribution in Spain and Portugal and available only for professional investors.The fund’s investment focus is on commercial property in the Eurozone. The fund reported a Gross Asset Value at the end of June 2016 of 670 m €.
Managing these assets reinforces the CBRE positioning in the retail assets management market in Portugal, considering these properties are occupied by such an important company as Sonae.