The operation, which started in April last year, was very competitive, with several international funds interested. It was closed at the end of January, with the German Trei, belonging to the Tengelmann Group according to CNN Portugal.

“Project Amália” was presented to investors as an “opportunity to acquire the best portfolio of supermarkets with the best performance” in the country. To close this operation, Trei Real Estate, part of the German Tengelmann group, had the support of Morais Leitão, and LCN with the support of PLMJ.

In total, the deal involved 50 assets, covering an area of 68,196 square meters. Of the total properties, 44 are Pingo Doce stores, with an average of 1,400 square meters each, and together represent 8.1 million euros in income, that is, 97% of the total. There are 11 stores of this Jerónimo Martins brand in the Metropolitan Area of Lisbon, nine in Porto, seven in Faro and 17 in other locations.

The portfolio also includes a Continente in Setúbal, with 1,200 square meters and a Minipreço in Braga, with 1,000 square meters. The new owner will also have land of 9,700 square meters in Porto, a store of 1,300 square meters in Aveiro and another asset in Setúbal.

In 2020, the same US fund bought a portfolio of 36 Mercadona supermarkets in Spain, according to the Spanish press.