PT
Autoridade da Concorrência

Case details

Print
Merger control
Case reference
Ccent/2024/71 - Square Asset Management / Alegro Montijo*Brafero
Acquired
Alegro Montijo – Gestão de Centro Comercial Sociedade Unipessoal, Lda.
Description
It operates the Alegro Montijo shopping center, and is therefore active in the market for leasing spaces in shopping centers to third parties for retail, restaurants, leisure and similar activities. Alegro Montijo is fully owned by Lighthouse Netherlands B.V., a company active in the real estate investment market, focused mainly on the large shopping center sector.
Acquired
Brafero – Sociedade Imobiliária, S.A.
Description
Owns the property, where the Alegro Montijo shopping center is located.
Acquiring
Square Asset Management - Sociedade Gestora de Organismos de Investimento Coletivo, S.A.
Description
Company whose function is the administration, management and representation of real estate investment funds and any other funds permitted by law. SQUARE is controlled by Right – Square, SGPS, S.A, whose activity consists of providing real estate consultancy services in the context of acquisitions, management and sale of properties or property portfolios. The portfolio managed by SQUARE currently includes 11 shopping centers.
Sector
Activity (NACE)
Applicable legislation
Notification thresholds
Type of merger
Cooperation with sector regulators
Status
Ongoing
Type of Investigation
AdC’s decision
Case description

The merger operation consists of the acquisition, by Square Asset Management – ​​​​Sociedade Gestora de Organismos de Investimento Coletivo, S.A. (“SQUARE”), of exclusive control over Alegro Montijo – Gestão de Centro Comercial Sociedade Unipessoal, Lda. (“Alegro Montijo”) and its subsidiary Brafero – Sociedade Imobiliária, S.A. (“Brafero”) (together the “Acquired Companies”), through its appointment as management entity.
Timeline
2024-10-31
Square Asset Management notifies the acquisition of exclusive control over Alegro Montijo and its subsidiary Brafero.
Click here to see your activities