Point Capital Partners’ Shoppings Iberia I fund has acquired the Torreshopping shopping center, located in Torres Novas, Portugal, for an undisclosed amount.
The deal, officially notified to the Portuguese Competition Authority, involves the purchase of the entire capital of DPPFB, the shopping center’s owner.
Opened in 2005, Torreshopping underwent a €5 mln expansion and renovation project completed in 2020 under the management of CBRE.
The shopping center now features over 40 stores, including popular brands such as Fnac, Seaside, Springfield, Flying Tiger, and Intimissimi, as well as cinemas and dining options.
The Shoppings Iberia I fund, with €100 mln in assets, specializes in shopping and retail center investments. TorreShopping joins the fund’s existing asset, the Algarve Tavira Gran Plaza.
Point Capital Partners is a Lisbon-based firm specializing in venture capital and real estate investment.
