With this deal, the European giant has become the undisputed leader of the Portuguese outlet market, with the two largest complexes in the country, situated just outside of the cities of Lisbon and Porto.
In a release, AdC says that this project “is unlikely to meet significant obstacles” in a healthy market. At stake is the exclusive control over the socieities IRUS Vila do Conde, IRUS Vila do Conde II and IRUS Vila do Conde III, owners of a building which joins the Vila do Conde The Style Outlets and another autonomous building which is adjacent.
Neinver will continue to manage the shopping centre as before, as we were informed by Lurdes Martins, head of Neinver Portugal.