Forum Montijo constitutes a prominent, regional retail destination and reaches a catchment of almost 180,000 within a 20 minute drive time. With unemployment below that of most councils in the Greater Lisbon region, purchasing power is strong. The centre offers an extraordinary selection of both international and domestic retailers, complemented by one of the most dominant Continente Hypermarkets in Greater Lisbon, included in the transaction. Along with being voted as one of the most attractive living areas within Portugal, Montijo will be home to the new Lisbon International airport, enhancing the strength of the area.
Forum Montijo
Investment highlights
- Forum Montijo is a well-established centre in its catchment, benefiting from increasing tenant interest with Inditex brands looking to expand and FNAC recently committing to the centre.
- Along with being voted as one of the most attractive living areas within Portugal, Montijo will be home to the new Lisbon International airport, enhancing the strength of the area.
- With an unemployment rate substantially lower than the national average, Forum Montijo benefits from strong purchasing power from its large catchment, extending to 180,000 people within a 20 minute drive time..
- The centre offers an extraordinary selection of both international and domestic retailers, complemented by one of the most dominant Continente Hypermarkets in Greater Lisbon.
. - Strong tenant line up with football generating key retailers.
Key tenants include:
Property facts
| Location | Montijo, Greater Lisbon |
| Building type | Shopping centre and retail park |
| Opening date | 2003 |
| Total GLA | 57,139 sqm |
| Total GLA (excl.hypermarket) | 41,151 sqm |
| Hypermarket GLA (included in the transaction) | 15,988 sqm |
| Number of tenants | 138 |
| Occupancy rate | 99.4% |
| Visitors (April LTM) |
7.7M |
| Annual sales (April LTM) |
€92.2M a) Excluding tenants not reporting turnover to the landlord, e.g. Continente |
| Gross Rental Income (October 2017) | €12.6M b) Pre-RF and Pre-Discount GRI c) GRI includes potential rent from vacant units |