M7 Completes Sale of IN Ermesinde Retail Park
Deal News | Apr 11, 2025 | Iberian Lawyer
PLMJ, a notable law firm, has advised M7, a specialist in the commercial real estate market, during the sale of the IN Ermesinde Retail Park. This retail park, covering a total area of over 7,000 m², is located 13 kilometers north-east of Porto, Portugal. The sale was made to Swiss Life Asset Managers and represented through Mistral Slection SCPI, marking Mistral Slection SCPI's first foreign acquisition. The legal proceedings were led by a co-head partner of PLMJ’s real estate and tourism practice, with significant contributions from Diogo Neves, a coordinating associate.
Sectors
- Real Estate
- Legal Services
- Investment Management
Geography
- Portugal – The IN Ermesinde Retail Park is located near Porto, Portugal, where the transaction took place.
- Switzerland – Swiss Life Asset Managers, the acquiring company, is based in Switzerland.
Industry
- Real Estate – The transaction involves the sale of a retail park, part of the commercial real estate industry.
- Legal Services – PLMJ, a law firm, was involved in advising the transaction, making this relevant to the legal services industry.
- Investment Management – Swiss Life Asset Managers, involved in acquiring the retail park, operates in the investment management sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PLMJ | Legal Advisor | Company | A Portuguese law firm advising on the sale of the retail park. |
| M7 | Selling Company | Company | Specialist firm in the commercial real estate market, selling the retail park. |
| IN Ermesinde Retail Park | Target | Company | The retail park being sold, located near Porto, Portugal. |
| Swiss Life Asset Managers | Buyer | Company | Asset management company purchasing the retail park. |
| Mistral Slection SCPI | Acquirer through Swiss Life Asset Managers | Company | The entity through which Swiss Life Asset Managers conducted the acquisition. |
| Diogo Neves | Coordinating Associate | Person | Associate at PLMJ who participated in the transaction. |