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Mitiska REIM deploys its first investment in Portugal

30 January 18 - RE+D Magazine
Mitiska REIM deploys its first investment in Portugal

COMPANIES

Solum Property Solutions

Consultant - GREECE

Savills

Consultant - GREECE

IBI Group

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
Mitiska REIM, the leading specialist investor in European retail parks, has announced its entry into Portugal with two new acquisitions – Parque Mondego in Coimbra and Focus Park Canidelo in Greater Porto.

 

Accoding to the company’s official press rlease, this continues Mitiska REIM’s European expansion, which successfully entered the Spanish, German, French and Portuguese markets over the past 16 months.

Parque Mondego, located just outside the city of Coimbra next to the main Lisbon-Porto motorway, is currently one of the largest retail park in Portugal, with a gross leasable area of more than 29,000 m².

It consists of 23 retail units, with tenants such as Decathlon, Bricomarché, Deborla, Minipreço and Rádio Popular, and parking for 1,300 cars. Focus Park Canidelo is an urban convenience retail park located in the Greater Porto area.

It has a gross leasable area of 8,400 m², comprising 4 retail units, anchored by a Jumbo supermarket, with retail brands Seaside and Espaço Casa, and a Mais Fit gym.

The site has parking for 466 cars. Both retail parks have been acquired by Mitiska REIM’s First Retail International 2 fund (FRI2), which successfully closed at €223 million at the end of 2016.

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