Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Portugal advises Union Investment on the acquisition of a dominant hypermarket in Portugal

13/12/2022

continente-colombo

The leading global real estate services consultant advised on the purchase of the Continente hypermarket in Colombo Shopping Centre

Cushman & Wakefield, the leading global real estate services consultancy firm, has advised Union Investment, one of Europe’s leading real estate investment managers, on the acquisition of the Continente Colombo hypermarket in Lisbon.

This rare opportunity was presented off-market by Cushman & Wakefield to Union Investment and the real estate consultant followed the transaction process from due diligence to closing. 

“The acquisition of Continente Colombo allows Union Investment to further diversify their real estate portfolio in Iberia and we are delighted to have helped them enter the retail real estate sector in Portugal,” said Tiago Pereira, Senior Consultant at Cushman & Wakefield Capital Markets.

The acquisition of Continente Colombo combines the two major focuses of Union Investment’s retail investment strategy: grocery-anchored retail and best-in-class shopping centres. According to company sources, Union Investment will further continue to selectively expand their portfolio in both areas.

The Continente Colombo hypermarket is operated by food retailer Sonae MC and boasts an extensive foyer featuring various service, retail and restaurant units and covers a total area of 23,445 sq m. The acquired property forms part of the Colombo Shopping Centre, which opened in 1997 and is Portugal’s dominant and most visited shopping centre with over 300 tenants.

Media Contact

Miguel Sena
Miguel Sena

Associate Director, Head of Marketing & Communications • Lisbon

Recent News

Jean Monnet
Cushman & Wakefield and Worx are responsible for the commercialization of 4,000 sq.m in Jean Monnet Building 1

The building is currently used as the headquarters of the European Parliament and the European Commission in the Portuguese capital.

Miguel Sena • 08/05/2024

Baltico, Lisbon, Portugal
Cushman & Wakefield mandated for the commercialization of the Báltico Building

Cushman & Wakefield (C&W) has been selected to commercialize the Báltico building located in Parque das Nações, Lisbon. 

Miguel Sena • 06/05/2024

Zeeman store
Cushman & Wakefield supports Zeeman’s arrival in Póvoa de Varzim

Cushman & Wakefield, a global real estate services firm, supported Zeeman’s arrival in Póvoa de Varzim - the fourth store of the Dutch chain specializing in basic and quality clothing and textile products at the lowest prices.

03/04/2024

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.

MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS