Fundo de Investimento Aberto, Imofomento, a Fund managed by BPI has acquired two anchor stores in the prime Vasco de Gama Shopping Centre in Lisbon.
The assets, occupied by Hypermarket Chain, Continente and electrical goods retailer, Worten were sold by Sonae RP and structured as a sale and leaseback for a 20 year fixed term plus extensions, in a deal worth in excess of 40M€.
Throughout the lease and purchase negotiations, BPI was advised and represented by Yarrells Property.
March 2011