Portuguese investors purchased the Sumol+Compal building in Faro

Portuguese investors purchased the Sumol+Compal building in Faro

Group Rolear and Metalofarense created a joint venture to acquire the Sumol+Compal building in Faro.

The building is located on the EN 125, near Fórum Algarve, and it is constituted by a main block, with an office area, technical areas and manufacturing and logistic support areas, for a total of 7.753 sqm in warehouses, 2.200 sqm in offices and a 10.474 sqm patio.

The building stopped its manufacturing activity in 1995, and it has been used as a regional storage and distribution centre for the brand’s drinks.

With this acquisition, the joint-venture intends to boost its brands and increase their storage capabilities, proximity to the customers and portfolio.

Sumol+Compal «is happy to sell this building to two prestigious companies from the Algarve and it acknowledges Savills’ professionalism in identifying and developing the contacts which made this transaction possible», mentioned Amélia Eusébio, administrator at Sumol+Compal, in a release.

Parreira Afonso, administrator at Rolear, pointed out that «Rolear’s wide offer of products and services, from energy supply, to construction, water and sanitation facilities, as well as its wide national scope, led to the search for a qualified logistic solution which met all the different needs: large, noticeable, well located, near the headquarters and with good access. To these requirements, the building added the fact that it is an iconic building and a symbol of Algarve’s industrial production». He concluded by saying that «this is one more step towards the growth of our activity, following the development and progress of the Algarve Region».

This deal was advised by Savills Portugal. Luís Rocha, Industrial & Logistics Consultant at the company, highlighted the same: «we are happy to advise prestigious brands, such as Sumol+Compal, on how to implement their real estate strategies, which, in this case, allowed us to market a real estate asset, that was once vital for their business and which will now have a renewed and important role to play in Metalofarense’s and Grupo Rolear’s growth strategies».

«This level of service and commitment towards our clients is only possible thanks to the tremendous know-how Savills’ teams have of the real estate market and its different segments, as well as their proximity to the main operators and investors active in our market», he concluded.

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