Supermarket with a well-known retail chain tenant.
Description
Transaction type: Asset Deal.
The annual income is 160,423 €.
The current yield is 5.2%.
The tenant is a well-known European retail chain of grocery supermarkets and restaurants, with more than 400 stores throughout Portugal.
The lease agreement is valid for 7 years (until March 31, 2027).
The property is located in a suburb of Lisbon, about 30 km from the city.
Lisbon is the capital and largest port of Portugal, the oldest city in Western Europe with the warmest winters among all European metropolises. The population of the city exceeds 500,000 people.
The following industries are developed in Lisbon: textile, footwear, leather, furniture, ceramic, oil refining, petrochemical, cement, automobile, shipping, electrical and electronic, mechanical engineering and paper industry.
- The Portuguese economy is developing steadily. According to PwC, the country's GDP by the fourth quarter of 2017 increased by 2.4%. Experts predicted that in 2018, GDP growth will be 2.1%, and in 2019 – 1.7%.
- The unemployment rate is noticeably reduced: in January 2017, one could talk about 10.1%, and in January 2018 — already at 7.9%.
