Deka Immobilien has sold a shopping centre in Portugal from an open-ended real estate institutional fund. With the sale of the almost fully leased "Torre Shopping" in Torres Novas, Deka Immobilien is strategically divesting this asset after holding it for over 17 years. The buyer is the newly established real estate fund Fundo Iberia Shoppings, a joint venture between the Brazilian bank BTG Pactual and Renato Rique (Chairman of Allos S/A). The sale price remains confidential.
The shopping center, built in 2005 and extensively revitalized in 2019, offers almost 12,000 sqm of leasable space, 460 underground and 366 outdoor parking spaces. It is conveniently located along the A23 highway, between Leiria and Santarém, just 75 minutes from Lisbon.
This transaction reflects the growing demand for consolidated shopping centers on the Iberian Peninsula.
