PLMJ advises Castellana Properties on the acquisition of Forum Madeira

PLMJ advised Castellana Properties on the acquisition of Forum Madeira from German asset manager DWS.

On the PLMJ side, the operation was led by Ricardo Reigada Pereira, who managed the real estate and tax aspects of the transaction, with the support of teams from different areas:

• Real Estate and Tourism: Sérgio Teixeira, managing associate, Tamara Martins da Fonseca, senior associate, Rita Neves Machado, associate, and Catarina Patrício Cruz, associate;
• Urban Planning: Luís Moitinho de Almeida, partner, and Bernardo Gomes de Castro, senior associate;
• EU and Competition Law: Martim Valente, senior counsel, and Julia Werberich, associate;
• Banking and Finance: Luís Miguel Vasconcelos, managing associate, André da Gama Loureiro, associate, and Teresa Proença Varão, associate;
• Tax: Leonardo Scolari, senior counsel.

Forum Madeira, located in Funchal, has a gross lettable area (GLA) of 21,472 m2 and attracts around 5.4 million visitors per year.

This is the Spanish company's fifth acquisition in Portugal, reinforcing its strategy of geographical diversification and international expansion.