Located next to the city's only shopping centre, Évora Plaza, this commercial space, which was owned by a banking institution, is around 8,000 square meters (m3) and brings together occupants such as Worten, Sportzone, Rádio Popular or JOM, according to a report by idealista.

Jean-Marie Souclier, President of Sogenial Immobilier, highlights the “importance of the first transaction conducted by Sogenial in Portugal.

“The country is increasingly presenting itself as a solid investment destination, with very interesting fundamentals. These lead us to want to grow in Portugal, which has become the third market of our Pan-European fund”, he says, cited in a statement by Cushman & Wakefield (C&W), which participated in the business.

Francisco Seabra Ferreira, Head of Real Estate for Serris REIM in Portugal, highlights that this was an opportunity that they wanted to secure right away, “due to the reference positioning in the city of Évora, the quality of the tenants in the various sectors, associated with solid long-term contracts.”

“This deal proves that, even in a more challenging context, the Portuguese real estate market continues to arouse strong interest from foreign investors with more conservative profiles, and that properties with recognised tenants in the market and long lease terms maintain a strong demand. With this acquisition, the buyer secured a property with an excellent level of operational consolidation, with a positive track record and continuous growth, as well as a first-class tenant mix in the Retail Parks segment”, comments Tiago Pereira, Associate and Head of Retail Investment by C&W.