Portuguese investment fund acquires Algarve Conforama retail outlet
Revised Article
Having its base set up near National Road 125, this property space spans a chunky 7,908 square meters and sports a long-term lease deal with an international retail giant—all according to Square Asset Management. This arrangement, they say, provides the stability needed to stick with the fund's investment policy.
With over €200 million in assets under management in Portugal and Spain, the Property Core Real Estate Fund packs a punch. Established four years ago, it's been on a tear, concentrate on properties that deliver steady income, boast growth potential, and ensure long-term safety.
Square Asset Management is all in on properties ensnared in long-term lease agreements with reputable tenants. A recent example of their dealer's choice can be found in the Algarve Retail Park store in Albufeira, leased to Conforama. This pick reinforces their strategy of securing rental income that'll last for the long haul.
The fund also keeps its eyes on properties sporting growth potential, often situated in strategic locations such as transportation hubs (like National Road 125 in Algarve) or thriving urban and commercial centers.
Diversification is key for the fund, and they've got their sights set on various real estate sectors, with specific emphasis on logistics, retail, industrial, and possibly residential—sectors that've demonstrated strong performance in Portugal and Spain, basing on broader market trends.
The fund's current portfolio stands at over €200 million, with recent acquisitions including significant logistics and retail properties like the Algarve Conforama store. When it comes to the state of the broader Iberian real estate market, it's looking up, with Portugal and Spain outperforming many European counterparts in sectors such as industrial, hotel, and residential real estate.
Risk management is in the driver's seat for this investment fund, with a focus on minimizing risk by partnering with stable tenants and being strategic in their property selections. By honing in on secure income streams and choosing resilient markets, the Property Core Real Estate Fund aims to stay one step ahead in an ever-changing market landscape.
The Property Core Real Estate Fund, with operations in Portugal and Spain, focuses on real estate properties that offer long-term stability, such as the store in Algarve Retail Park leased to Conforama, which reinforces their strategy. Square Asset Management, a key player, is keen on properties with secure rental incomes, particularly those in locations like transportation hubs or thriving commercial centers. To diversify and manage risk, the fund invests in various real estate sectors like logistics, retail, industrial, and possibly residential, demonstrating strong performance in Portugal and Spain.
