The retail market will continue to outperform in Portugal according to Luis Antunes, head of C&W Capital Markets in Portugal. A total of 4.6 million m[sup]2[/sup] of retail stock is set to come to the market within the next three to four years, Antunes said. This compares to a current total retail stock of 2.9 million m[sup]2[/sup].
The retail market will continue to outperform in Portugal according to Luis Antunes, head of C&W Capital Markets in Portugal. A total of 4.6 million m2 of retail stock is set to come to the market within the next three to four years, Antunes said. This compares to a current total retail stock of 2.9 million m2.
Most retail space is being developed by major players such as Portugal’s Sonae Sierra, The Netherlands' Multi Development and Spain’s Chamartin Inmobiliaria. Chamartin, which in end-2006 spent EUR 500 mln to acquire Portugal’s Amorin Inmobiliaria, is expected to complete a 100,000 m2 mall in 2008.
