Sonae Sierra and Miller Developments have concluded the sale of Coimbra Retail Park to Scottish Widows Investment Partnership, the asset management arm of Lloyds TSB, for 19.3 million.
Coimbra Retail Park opened in November 2003, and in 2004 recorded sales of over 9.5 million.
With a gross lettable area of 12,750 m² and 560 car parking spaces, Coimbra Retail Park has a total of 14 shops, among which are prestigious brands such as Worten, SportZone, Vobis, Mestre Maco, San Luís, Multiópticas and Loja do Gato Preto, as well as two restaurants, Sopas & Sopas and Primus Café.
The management of Coimbra Retail Park will remain the responsibility of Sonae Sierra.
This is the second retail park sold by Sonae Sierra and Miller Developments partnership in Portugal, further to the sale of Sintra Retail Park.
Source: Sonae Sierra