Spanish group buys Almada Forum shopping center for 406 million euros

The Almada Forum shopping center was sold to Merlin Properties in Spain for 406.7 million euros, according to the company's website, which made several acquisitions in Portugal

The intention of the Spanish company to buy this & # 39; (19659002) According to Merlin Properties, the Almada Forum, opened in 2002, has a Leasable gross floor area of ​​approximately 82 thousand square meters, of which 22 thousand meters are a Jumbo supermarket, Auchan, which includes 5,500 parking spaces . The Almada Forum is a major commercial center on the south bank of the Tagus River near Lisbon, and, according to Merlin Properties, receives about 14.4 million visitors a year and is nearby.

The annual turnover of the mall in rents reached 24 million euros and the company sees a growth opportunity

Cited in the information available on the Internet, the company's executive chairman. Merlin Properties, Ismael Clemente, said the mall is an "exceptional" asset and despite the competition with online sales, the format of shopping centers continues to grow in the Iberian Peninsula

Merlin Properties already comes to invest in Portugal , attracted by the profitability of real estate. Last year, she bought a new building in Lisbon, Marquis of Pombal, for 60.3 million euros from Novo Banco and in April of this year she acquired another building in Lisbon, in the district Parque das Nações, for 33.3 million euros.