Redevco buys building in Lisbon for €3 million(PT)

Redevco has purchased a high street property in a prime location in Lisbon, following the company’s strategy of investing in retail high street properties in top locations in Spain and Portugal.

The property, located in the best part of the prime retail district in Lisbon, has been acquired for approximately €3 million and has a surface of 716 m². The property has been acquired on a sale and lease back basis and has been leased subsequently by a well known Portuguese shoe retailer, Charles Shoes, for an initial period of 10 years.

Source: Spanish Real Estate

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