Castellana Properties Acquires 50% Stake in Alegro Sintra
Deal News | Dec 30, 2024 | Iberian Lawyer
Castellana Properties Socimi has expanded its footprint in the Portuguese market by acquiring a 50% stake in Alegro Sintra Sociedade Imobiliaria, the company owning Alegro Sintra shopping center. This strategic acquisition was facilitated by the legal expertise of PLMJ, a prominent law firm. Ricardo Reigada Pereira, the partner and co-coordinator of PLMJ’s Real Estate and Tourism practice, led his team in overseeing the transaction process and ensuring a solid tax structuring. Earlier in the year, PLMJ had also played a crucial role in guiding Castellana Properties in their initial entry into the Portuguese real estate market with the purchase of three shopping malls from Harbert European Real Estate.
Sectors
- Real Estate
- Legal Services
Geography
- Portugal – The transaction and expansion efforts by Castellana Properties are taking place in the Portuguese market, marking it as the central geography of interest.
- Netherlands – Tiekenveen Golding BV, the selling company, is suggested to be a Dutch entity, making the Netherlands a relevant geography.
Industry
- Real Estate – The article focuses on a transaction involving the acquisition of a shopping center, which is an activity squarely within the real estate sector.
- Legal Services – The involvement of PLMJ, a law firm, in advising on the acquisition process highlights the role of legal services in such transactions.
Financials
- 50% – Acquisition of 50% of the share capital of Alegro Sintra Sociedade Imobiliaria.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Castellana Properties Socimi | Bidding Company/Buyer | Company | A real estate company expanding its portfolio within the Portuguese market. |
| Alegro Sintra Sociedade Imobiliaria | Target Company | Company | The owner of the Alegro Sintra shopping center, of which 50% of its share capital was acquired. |
| Tiekenveen Golding BV | Selling Company | Company | The entity that sold its 50% shareholding in Alegro Sintra Sociedade Imobiliaria. |
| PLMJ | Legal Advisor | Company | A Lisbon-based law firm providing legal and tax advice for the acquisition process. |
| Ricardo Reigada Pereira | Partner and Co-coordinator, Real Estate and Tourism at PLMJ | Person | Led the legal team handling the acquisition and tax structuring for Castellana Properties. |