Cookie Use Notification

This site uses cookies to provide you with a more responsive and personalised service.

By using this site you agree to our use of cookies as set out in our cookie notice. Please read our cookie notice for more information on the cookies we use and how to delete or block the use of cookies.

Nunes Corrêa - Sale & Leaseback Operation


Click to Enlarge

The Challenge

Nunes Corrêa, a high street retail unit located in the downtown of Lisbon, was founded in 1856 and is present in Rua Augusta since 1919. The 5-storey building comprises a total area of 600 sq.m.


The Solution

Our client wanted to proceed to a sale & leaseback that would release equity into the operation and grant him long term occupation of this property.

Cushman & Wakefield structured a strategy that ensured the best ratio between price and rent, and lease terms that created a balanced structure for both landlord and tenant.


The Results

The sale & leaseback transaction was concluded with Prowinko, a well-known Belgium group, and totalled €2M.