Brazilian Europar to invest €100M in Portugal

Brazilian Europar to invest €100M in Portugal

Europar Investimentos & Participações, a Brazilian investment company, has around 100 million euros available to invest in Portuguese real estate, with a special focus on retail.

The information was given by Marcos Germano Matrowitz, CEO of the company, to Eco. He describes the company as an “investment hub” and financial services, which acquires assets at the request of an investor or to sell them immediately. «We work in retail promotion, more focused on the financial part than on the real estate part (…). We develop assets to pass on to other investors. We are a sead money. A developer contacts us, tells us that he has a project and that he needs half the capital», he explains.

Arriving in Portugal 5 years ago, with the installation of a Burger King restaurant in the Moita area, Europar's most recent investment was the purchase of Évora Retail Park from the M7. Much of this space has already been sold, and another 6,200 square meters is being developed to expand and install more stores.

Preparing to invest 100 million euros in the country, Matrowitz anticipates that “there will be a lot of demand [for Portugal] on the part of the Brazilian people” due to the “political uncertainty” experienced in Brazil. In the first three months of the pandemic, he admits that «the market was very apprehensive, but then it was absurd. There are people from all over the world investing in retail real estate in Portugal». Therefore, he believes that «the next five years are going to be very good».

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