The Iberian Property Investment Awards, organised by Iberian Property, are gearing up for the awards ceremony of the second edition of these awards, which will take place on the 25th of June in Madrid. These awards recognise and reward the most outstanding players and projects in the real estate investment sector in Spain and Portugal throughout 2023. One of the awaited categories is "Deal of the Year in Portugal", which recognises exceptional Real Estate investment operations carried out in Portugal.
The Finalist projects and players competing in this category are:
BONDSTONE – QUINTA DO MORGADINHO
LOCATION: Vilamoura, Algarve.
SECTOR: Residential.
DATE: Q3 2023
BUYER: Bondstone
SELLER: Interfundos - Millennium BCP
INVESTMENT VOLUME: +€100M
The “Quinta do Morgadinho” deal represents the acquisition of a 68-ha masterplan across 168 land plots for the construction of more than 700 residential units.
Strategic Significance and Market Impact: This acquisition, involving over €100 million in investment, marks the largest residential transaction in Portugal for the year 2023. It is poised to significantly enhance the local economy by attracting international investors and residents, catalyzing further developments, and elevating the entire region’s profile.
Quinta do Morgadinho is poised to become a landmark of luxury living. The project, strategically situated in the heart of Vilamoura, leverages its approved allotment license and advanced infrastructural groundwork to offer a unique development opportunity.
LCN CAPITAL PARTNERS – PORTFOLIO AMÁLIA
LOCATION: 49 assets spread across the country.
SECTOR: Retail – supermarkets.
DATE: Q1 2023
BUYER: LCN Capital Partners
SELLER: Trei Real Estate
INVESTMENT VOLUME: €150M
The Portfolio Amália, comprises a total of 49 assets spread across the country, 44 of which are operated by Jerónimo Martins, under the Pingo Doce brand, one of the leading supermarket and food retail operators in Portugal. With around 70,000 square meters of Gross Lettable Area (GLA), this portfolio is the perfect combination of the strength of the operators with a long-term rental profile.
CBRE has advised Trei Real Estate, from Tengelmann Group’s, on the sale of the largest supermarket portfolio ever transacted in Portugal, sold to LCN Capital Partners, an investor that typically seeks sale-leaseback and build-to-suit operations in Europe and North America. This operation consolidates LCN's position as one of the most prominent supermarket owners in Europe.
According to information gathered by Iberian Property, the annual rent value of the assets exceeds 8 million euros, and the average lease term is 16 years, making the transaction very competitive and generating several international funds interest in the business.
SONAE SIERRA – CTT IMO YIELD
LOCATION: 400 assets spread across the country.
SECTOR: Retail, Logistics, Residential and Offices.
DATE: Q4 2023
BUYER: Sonae Sierra
SELLER: CTT
INVESTMENT VOLUME: €138M
In 2023, Sonae Sierra and CTT created a Collective Investment Vehicle (CIV), under the name CTT IMO YIELD. Setting a long-term relationship between the two companies and a group of investors, the transaction had an agreed value of €138 million, and the properties total circa 240,000 sqm of gross lettable area with multiple uses such as retail, logistics, residential and offices.
The vehicle is an innovative solution that will be focused on the management of a part of CTT’s real estate assets with unique characteristics, covering around 400 properties, many of which drenched in history. More than half of the portfolio's value is concentrated in the districts of Lisbon and Porto and most of the properties are leased with long-term "triple-net" contracts, with further real estate development opportunities still available.
More categories in the Iberian Property Investment Awards:
These finalists represent excellence in real estate transactions in Spain in 2023, and the winner will be revealed at the awards ceremony - a Gala Dinner celebrated on 25th of June in Madrid, coinciding with the Spanish Real Estate Summit. In addition, full details of the other finalists will be announced in the coming days for the other categories that mark the premiere of these awards, which are:
- Deal of the Year in Spain
- Green Asset Initiative of the Year
- Social Impact Initiative of the Year
- Research Report of the Year
- Commercial Leasing of the Year
- Marketing Initiative of the Year
- Financial Innovation of the Year
For more details on how to join Iberian Property in this celebration click HERE