Alfana Investment Management, a Spanish manager, concluded the acquisition of Forum Algarve, a shopping center located in Faro, for approximately 130 million euros. This operation marks the company's first international acquisition in the commercial real estate sector.
With this transaction, Alfana Investment Management now manages a total of one billion euros in commercial assets, significantly strengthening its position in the Iberian market. The company had been analyzing opportunities in Portugal for some time before completing this investment.
Forum Algarve is a leading shopping center in the Algarve region, being one of the main commercial and services spaces in the southern part of the country. The acquisition of this asset is part of the Spanish manager's expansion strategy for the Portuguese market.
This operation was first reported in Barlavento, a regional media outlet. The transaction represents a vote of confidence in the Portuguese commercial real estate sector by Spanish investors.
