BPlanet, Lisbon

• High-quality retail park comprising 35,369 sqm of lettable area
• Strategic location with a catchment of approx. 200,000 residents
• Achieved BREEAM Excellent certification through sustainability initiatives

AM ALPHA, a global family office for real estate investments, has completed the sale of BPlanet, a premier retail park in Barreiro, part of Greater Lisbon's southern metropolitan area. The asset is acquired by Redevco, one of Europe’s largest privately owned real estate managers. The parties have agreed not to disclose the purchase price.

Acquired by AM ALPHA in early 2019, BPlanet encompasses more than 35,000 square metres of lettable space and boasts a diverse tenant mix, including national and international retail leaders across sectors such as hypermarkets, DIY, homewares, electronics, sports, and health, complemented by a vibrant food court. The retail park benefits from its strategic position near the intersection of the A2 and A33 motorways, with the N10 roadway and Coina railway station – serving approximately 10,000 commuters daily – further enhancing accessibility. This prime location provides a catchment area of around 200,000 residents within a 20-minute drive.

"This project's conclusion is a notable achievement, reflecting thoughtful planning and execution," says Rafael Macia, Head of Iberia of AM ALPHA. "By constant proactive asset management, we navigated the challenges posed by the COVID-19 pandemic, achieving an occupancy rate nearing 100%. On top of that, our commitment to sustainability enabled us to secure a BREEAM Excellent certification, making BPlanet one of the few retail parks in Portugal to attain such a distinction. These accomplishments have significantly enhanced the property's appeal to investors, aligning seamlessly with their portfolio objectives."

In recent years, AM ALPHA has continuously expanded its Portugal portfolio. In addition to retail parks, several office buildings have been acquired in Lisbon and Porto over the last few years. "Within Europe, the Iberian Peninsula will remain one of our investment focus areas. We continue to see substantial potential for outstanding investment opportunities in Portugal. This transaction underscores AM ALPHA's dedication to generating exceptional outcomes through strategic market insight and value-driven real estate initiatives," explains Rafael Macia. 

AM ALPHA was advised on the transaction by RPE and JLL, with legal counsel provided by PLMJ. Multi Corporation has acted as property and centre manager of BPlanet since its acquisition by AM ALPHA.
 

AM ALPHA is a Munich-based privately owned real estate family office that focuses on global investments in prime real estate on its own account and in collaboration with family offices, private clients, and endowments in Europe and Asia. The company is represented in Europe in all major real estate markets with its own offices. Its Asian operations are headquartered in Singapore, with offices in the gateway cities in the Asia Pacific region. AM ALPHA has also received all necessary licenses from German regulator BaFin acting as a German-regulated capital management company (Kapitalverwaltungsgesellschaft – KVG) and Alternative Investment Fund Manager (AIFM). The real estate firm is currently managing a substantial Asia Pacific and European portfolio.