PINGO DOCE – PORTO
Location: R. Santiago, 153, 4465-638 Custóias Porto, Portugal
TENANT: PINGO DOCE
Pingo Doce is one of the largest supermarket operators in Portugal with over 390 stores. It belongs to the Portuguese group Jerónimo Martins. Jerónimo Martins is a Portugal-based international Group operating in Food Distribution, Food Manufacturing, and Services sectors. As of 2015 December 31, Pingo Doce has over 470.000m2 sales area and over € 3.4 billion sales revenue.
Jerónimo Martins group operates around 2,800 stores in Portugal, Poland, and Colombia. Jerónimo Martins also has industrial facilities focused on the production of several Unilever brands. This is carried out through the joint venture company Unilever Jerónimo Martins. Jerónimo Martins is listed on Euronext Lisbon, under the code JMT.
(KEY SELLING POINTS)
- located in CUSTOIAS, an urban area of Porto
- long term contract with supermarket that opened in 1994
- private car park in front of the supermarket
- class “A” tenant
- very high sales revenue
The property is located in CUSTOIAS, on the northern part of PORTO. Porto is the second largest city in Portugal after Lisbon. The urban area of Porto, which extends beyond the administrative limits of the city, has a population of around 1.4 million in an area of 389 km2, making it the second-largest urban area in Portugal.
|THE PROPERTY IN NUMBERS|
|Property type||Grocery retail store|
|Tenant||Pingo Doce – Jerónimo Martins|