Belgian convenience real estate specialist Mitiska REIM is investing €20 million to convert a former Nestlé distribution centre in Portugal into a retail park. Located on a 50,000 metres squared industrial site, the Salinas Park development in Alverca do Ribatejo will be completed by the end of the year. The development consists of 22,800 metres squared, and will comprise of a 12,000 metres squared retail park and a 10,800 metres squared warehouse complex for local Small and medium-sized enterprises (SMEs) and start-ups. The retail park, which is already fully occupied, will consist of nine stores, including brands such as Mercadona, Hôma, JYSK, and Kiabi. It will also offer 351 parking spaces and over 5,000 metres squared of new green spaces. The SME park will consist of up to 57 units with areas from 150 metres sqaured and 139 parking spaces, with delivery foreseen in H2 2024.
Source: Property EU On the 28th of April