Mundicenter emerges as buyer of Forum Aveiro from CBRE GI

Portuguese shopping centre specialist Mundicenter is on the verge of closing the acquisition of Forum Aveiro in the Portuguese northern coastal city of Aveiro, Europroperty has learned.

The mall - a dominant shopping destination favourably located in the city centre – was put on the market by landlord CBRE Global Investors in February of this year through specialist retail agent RPE.

It is expected to trade for some €90 mln.

Developed by Multi, the 17,500-m2 open air scheme opened in 1998 and is well established in its catching area.

Mundicenter, part of local private equity group Alves Ribeiro, owns and manages a total of eight shopping centres in Portugal.

Also in the retail sector, local lender Caixa Geral de Depósitos is believed to be selling the 70,000-m2 Nova Arcada in the northern city of Braga through agent C&W for a price of nearly €50 mln.

An unknown international investor is understood to be the frontrunner in the deal which is expected to close in December. The scheme opened in 2016 and is anchored by a 22,000 m2 Ikea superstore.

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