SRS Legal advises BPI on property acquisition

SRS Legal advised BPI Imofomento, an open-ended real estate investment fund managed by BPI Gestão de Ativos, on the acquisition of a property occupied by an Obramat store (part of the Aldea Group) in Alfragide. The asset is a large commercial retail unit targeting construction professionals, and it will also serve as Obramat’s headquarters in Portugal.

BPI Imofomento’s commercial portfolio focuses on high-demand locations, particularly Lisbon, Alfragide, and Porto. The fund currently owns three shopping centres, a large retail unit, and two major retail facilities targeting professional customers.

In a statement, BPI Gestão de Ativos said: “This acquisition strengthens the fund’s position in the commercial segment through the purchase of a unit whose construction was completed in March of this year, located in one of Portugal’s prime retail areas, Alfragide.” It added that this location, along with the property’s unique features, “highlights BPI Imofomento’s commitment to investing in assets that not only deliver returns but also represent the future of the commercial real estate market in Portugal.”

The legal team involved in the transaction included partner Neuza Pereira de Campos and associate José Pinto Santos, both from SRS Legal’s real estate department (both pictured). “This transaction stands out for the significance of the asset and its strategic importance. The acquisition, due to its scale, location, and nature, represents an investment aligned with current market dynamics and with the goal of sustainably enhancing a real estate portfolio”, said Neuza Pereira de Campos, head of SRS Legal’s real estate law department.