CBRE, worldwide real estate consultant, was responsible for the sale of Pingo Doce store located in Grijó, in Vila Nova de Gaia. CBRE advised the seller, a private proprietor. The property was acquired by Corum Origin, fund of the Corum Asset Management Group, attracted by this investment’s profitability, supported by a long-term lease contract.
This store, with 7.700 sq m, is inserted in Gaia’s Retail Park, situated in Vila Nova de Gaia. Built in 2005, is now with its stocking completely sold out. With very good accesses to the city's main roads, this asset shows large glass windows with extraordinary visibility.
"This deal is a proof that the real estate sector continues representing a refuge for many investors, seeking for opportunities with a reduced downside risk and that simultaneous provide relatively high yields."
Nuno Nunes, CBRE Capital Markets Director
Philippe Cervesi, Corum head of Investment: “Corum continues to Invest in Portugal, one year and half after the opening of its Lisbon Office. Corum growth will continue in Portuguese Market, with Investment and Fund raising”.