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ProWinko buys a Portuguese portfolio of 9 shops from Vastned

Confirming its position as one of the leading investors in street trading in Portugal, the Dutch firm ProWinko has just acquired for 11.3 million euros the entire Portuguese portfolio of Vastned, comprising nine assets.

This is made up of nine shops located on streets in the cities of Lisbon, Porto, Barcelos and Braga, leased to Multiopticas, a brand within the GrandVision group.

This deal was carried out by means of the sale of the participation in the asset holding company, with Vastned represented by Marques Bom and Óptima Global Services, while ProWinko were advised by Cushman & Wakefield and Garrigues. According to information supplied by the specialised firm, the value of the sale of the Portuguese company was slightly lower than the liquid value of the assets in June (last) 2016

The sale of their Portuguese portfolio can be seen in the context of Vastned’s policy of the disinvestment of shares considered to be non-strategic, which in the past few months has focussed its attention on the Paris, Madrid e Amsterdam markets.