Portugal Yield Fund II, FCR Investor Presentation
The investment in two supermarkets in Algarve with a solid
tenant (Pingo Doce) was closed in the beginning of July
Ourens
DESCRIPTION
Stores with 627m² and 894m², respectively, in prime
locations in Algarve
The counterpart is a leading supermarket operator, with
more than 400 stores in Portugal
Diversification of the current portfolio
Braga
E1
9
Porto
о
E1
Coimbra
E82
E801
Viseu
E
O
Guarda
Figueira
da Foz
о
Portugal
E1
>
DEAL OVERVIEW
Sale price of EUR 5.9M (mortgage of EUR 3.5M)
Investment of EUR 2.4M in the Special Purpose Vehicle that owns the
building
24-year lease contract with no break clause, with a solid counterpart
and in strategic locations (no other supermarkets in the area)
Acquisition price of 3.879€/m² slightly below local market prices
Purchase price offers a rental yield of c. 6.1% and the levered
annual IRR to the fund is estimated at around 6.7%
Lisboa
Estoril Setúbal
E802
Cá
N
Badajo
E802
Évora
E1
Hu
feira Faro
°
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