PLMJ advised CBRE GIP on the acquisition of two shopping centres from Sonae Sierra

PLMJ advised the buyer CBRE Global Investment Partners (GIP) on the acquisition of two shopping centres on the Iberian Peninsula from Sonae Sierra. The centres in question were both in Portugal (AlgarveShopping and Estação Viana Shopping).
 
The team advising on the acquisition was led by Rita Alarcão Júdice, a partner from PLMJ Real Estate and Construction. The other team members were PLMJ Real Estate and Construction senior associate Margarida Osório de Amorim and Rodrigo Formigal, a senior associate from PLMJ Banking and Finance.
 
The shopping centres were built between 2001 and 2004 and their portfolio is currently 96.7% occupied. CBRE has acquired a majority position in the assets and Sonae Sierra retains a minority position and continues to manage the centres.