Sogenial Immobilier, a Real Estate Fund Manager, closed its first transaction in Portugal in December 2023, in representation of a Pan-European Fund. Sogenial currently has several funds under management, totaling more than €1B.
The fund manager starts its activity in Portugal with the acquisition of Évora Retail Park, which was owned by a banking institution, totaling ca. 8,000 m2 and leased to Worten, Sportzone, Rádio Popular and JOM, four well-known retail tenants in the Portuguese market. Located next to the only shopping center in the city, Évora Plaza, the property now acquired is part of this important commerce conglomerate for the population of Évora.
Cushman & Wakefield (C&W) was involved in this transaction, acting on behalf of the seller.
Sogenial was advised by PBBR, which included the work of a multidisciplinary team, led by Pedro Pinto (Real Estate). Finally, NewCycle provided technical advice on the transaction.
Jean-Marie Souclier, President of Sogenial Immobilier, highlights the “importance of the first transaction conducted by Sogenial in Portugal. The country is increasingly presenting itself as a solid investment destination, with very interesting fundamentals. These lead us to want to grow in Portugal,
Francisco Seabra Ferreira, Head of Real Estate for Serris REIM in Portugal, highlights that “this was an opportunity that we wanted to secure, due to the asset positioning for the city of Évora and the quality of the tenants with solid long-term contracts.”
Tiago Pereira, Associate and Head of Retail Investment at C&W, adds that “this deal proves that, even in a more challenging context, the Portuguese real estate market continues to capture the strong interest of foreign investors with more conservative profiles and that, properties with recognized tenants on the market and long lease terms, maintain strong demand. With this acquisition, the buyer secured a property with an excellent level of operational consolidation, with a positive track record and continuous growth, as well as first -class tenant mix in the Retail Parks segment. C&W teams’ involvement went from A to Z, from the detailed analysis and preparation of the property for the market, to the successful conclusion of the transaction.”
Sogenial Immobilier debuts in Portugal with the acquisition of Évora Retail Park
Miguel Sena • 16/01/2024
Recent News
Cushman & Wakefield reinforces its Capital Markets services with New Business & Alternatives sector offering
This area encompasses alternative real estate assets, including health and education facilities, as well as parking lots, photovoltaic parks, and life sciences ventures. Ana Gomes, a Partner at Cushman & Wakefield since 2020, will lead this business area.
Miguel Sena • 11/03/2024
Cushman & Wakefield and Savills are marketing the LISBON-CITY Panattoni Park in Loures
In Santa Iria da Azóia, the Panattoni Park Lisbon-City is set to emerge as one of the largest logistics projects in Greater Lisbon. This project, co-exclusively marketed by Cushman & Wakefield and Savills, boasts distinctive and impressive architecture. Anticipated for completion by the end of 2025, the Panattoni Park Lisbon-City aims to address the country’s current logistics needs.
Miguel Sena • 27/02/2024
Cushman & Wakefield supports Aveiro Center in relocating two Portuguese brands
Cushman & Wakefield (C&W) announces that it was responsible for relocating the Parfois and Colchões & Companhia stores at Aveiro Center, accompanied by a fresh image in both cases. In this process, C&W represented the owner, for whom it also provides asset management services.
Miguel Sena • 26/02/2024
FaroShopping is refurbished and has new spaces to let
Cushman & Wakefield (C&W) is responsible for marketing the remaining two available shops at FaroShopping, totaling an approximate area of 750 square meters.
Miguel Sena • 26/02/2024
Sogenial Immobilier debuts in Portugal with the acquisition of Évora Retail Park
Sogenial Immobilier successfully concluded its first investment in Portugal.
Miguel Sena • 16/01/2024
Cushman & Wakefield Portugal appoints two employees for EMEA responsibilities in Sustainability and ESG
Cushman & Wakefield announces the promotion of two employees who will accumulate, in their current roles, European responsibilities in Sustainability and ESG (Environmental, Social and Governance). Ana Luísa Cabrita and Miguel Harrington Sena take on the roles of Sustainability in Asset Services Lead EMEA and EMEA Lead Sustainability Services Marketing, respectively.
03/01/2024
Cushman & Wakefield sells plot of land for the development of a senior living unit in Alverca
Cushman & Wakefield announced the sale of a 12,800 sq.m plot in Alverca to Orpea Group which will develop a senior living unit.
22/06/2021
Scan to Plant: Cushman & Wakefield replaces printed brochures for trees
Cushman & Wakefield Portugal launched a green initiative to reduce paper consumption and at the same time plant trees in Portugal.
05/06/2021
Alegria One - New office building in Lisbon's Prime CBD
Cushman & Wakefield was selected for the office and retail leasing of a new building in Avenida da Liberdade. The new project, Alegria One, was developed by Eastbanc and totals 2,800 sq.m divided by office space, a restaurant and a shop.
26/05/2021
Cushman & Wakefield selected to manage new Alta Retail Park in Lisbon
Cushman & Wakefield was selected for the management of Alta Retail Park, located in Alta de Lisboa.
25/05/2021
Sephora opens flagship store in Porto
Cushman & Wakefield placed Sephora's new high street store in Rua de Santa Catarina, Porto
15/04/2021
