Green field development of retail park in Portimão, Portugal
The office in TCN Portugal closed in 2009. In 2004 TCN Portugal acquired a 50% share in an existing retail park project Aveiro as well as a new development on Portimão (Algarve).
The retail park contains 27.105 m2 GLA. Anchor tenants are: Carrefour, Decathlon, Aki, Staples (Office). It is by now one of the best performing retail park in the Algarve area.
In 2005 the project was sold to Pillar, part of British Land.
| Name |
| Portimão Retail Park |
| Phone number |
| +31 30 230 9300 |
| Fax |
| +31 30 230 9473 |
| arjan.kuilman@tcnpp.com |
| Website |
| www.tcnpp.com |
Plot Area:
23.918 sqm
GLA :
23.084 sqm
Tenants:
AKI, Decathlon, Staples
Parking:
968 spaces
Status:
April 21th 2006
Total Investment:
20 M€
Partners:
SNS Property Finance (debt financing)
British Land (purchaser) PREF (The Pillar Retail Europark Fund)