Remake Live Expands into Portugal with Setúbal Retail Park Purchase
Deal News | Jan 13, 2025 | Iberian Lawyer
Remake Live, a French SCPI managed by Remake Asset Management, has taken a significant step in its international growth strategy by acquiring Setúbal Retail Park in Portugal for approximately €8.2 million. The retail park, previously owned by Sesagest, a Sonae group entity, is currently tenanted by prominent brands such as Worten, Maxmat, and KFC. This transaction marks Remake Live's first real estate venture in Portugal. The legal advisory for Remake Live during this operation was provided by Pbbr, with a team led by Pedro Pinto, partner in the real estate practice. The purchase reflects Remake Live's commitment to expanding its portfolio across borders, enhancing its footprint in the European retail property market.
Sectors
- Real Estate
- Retail
- Legal Services
Geography
- Portugal – The location of the Setúbal Retail Park which was acquired, marking Remake Live's first property operation in the country.
- France – The country of origin for Remake Live, indicating the cross-border nature of the acquisition.
Industry
- Real Estate – The article discusses the acquisition of a retail park in Portugal by a French SCPI, focusing on real estate investment and commercial property.
- Retail – Setúbal Retail Park, which is currently tenanted by retail brands, is the subject of the acquisition, indicating the importance of the retail sector in this transaction.
- Legal Services – Pbbr provided legal advisory services for the transaction, highlighting the role of legal services in M&A activities.
Financials
- €8.2 million – The transaction value for the acquisition of Setúbal Retail Park by Remake Live.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Remake Live | Acquirer | Company | A French SCPI managed by Remake Asset Management, focusing on international real estate investment. |
| Sesagest | Seller | Company | A Sonae group entity that previously owned the Setúbal Retail Park. |
| Pbbr | Legal Advisor | Company | A legal firm that advised Remake Live on the acquisition, with a team led by partner Pedro Pinto. |
| Remake Asset Management | Manager | Company | The management company for Remake Live, responsible for its investment strategy. |