Portugal

Trei Real Estate puts 50 stores leased to Pingo Doce up for sale

Trei Real Estate puts 50 stores leased to Pingo Doce up for sale

Trei Real Estate, a German real estate company, is selling around 50 stores leased to the Portuguese supermarket and hypermarket chain Pingo Doce, which already have 15 initial offers, as indicated by Negócios.

Bloomberg, according to a source close to the process, says that the 50 stores could be sold for more than 150 million euros. He added that Trei, together with CBRE, should complete the sale process by September.

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