Portimão Retail Park
Green field development of retail park with over 23,000 sqm retail in Portugal.
In 2004 TCN Portugal (note: TCN Portugal closed in 2009) acquired a 50% share in existing retail park project Aveiro and new retail development Portimão (Algarve).
After (re)developing the project in 2004 and 2005 and acquiring tenants such as Decathlon, Carrefour, AKI and Staples, the retail park became one of the best performing in the Algarve area.
In 2005 the project was sold to Pillar, part of British Land.
| Name |
| Portimão Retail Park |
| Main function |
| Retail |
| Address |
| Vale da Arrancada Chão das Donas Portimão 8500-473 |
| Country |
| Portugal |
| Phone number |
| +31 30 230 9300 |
| Fax |
| +31 30 230 9473 |
| arjan.kuilman@tcnpp.com |
| Website |
| www.portimaoretailpark.com |
Facts & figures
Purchase date
2004
Investment date
2004 - 2005
Sold in
2005
Number of m² GLA
23,084
Parking
968 parking spaces
Function
Retail
Main tenants
AKI, Decathlon, Staples
Partners
SNS Property Finance (debt financing)
British Land (purchaser) PREF (The Pillar Retail Europark Fund)