Large Algarve shopping center sold for 130 million euros

The Spanish company Alfana Investment Management concluded the acquisition of the Forum Algarve shopping center, located in Faro, in a deal valued at approximately 130 million euros. This transaction represents one of the largest investments in the commercial real estate sector of the Algarve region in recent years. Forum Algarve is one of the main shopping centers in southern Portugal, serving a vast area of influence that includes not only Faro but also neighboring municipalities. The acquisition was reported by the Algarve Marafado portal, which highlighted the scale of the investment made by the Spanish company. This deal reflects the growing interest of international investors in the Portuguese real estate market, particularly in commercial assets situated in tourist areas such as the Algarve.