PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
Ccent/2025/7 - Caminho Propício / Fórum Madeira
Acquiring
Caminho Propício - SIC Imobiliária Fechada, S.A.
Description
Company wholly owned by Castellana Properties SOCIMI, S.A., a publicly listed real estate investment company based in Spain, focused on the acquisition, management and renovation of real estate assets in the retail sector.
Acquired
DB Real Estate Investment Madeira – Sociedade Imobiliária, Unipessoal Lda.
Description
Acquired
DB Real Estate Investment Madeira Sociedade Imobiliária S.A.
Description
Shopping center located in Funchal, owned and managed by DB Real Estate Investment Madeira Sociedade Imobiliária S.A., ultimately controlled by DWS (an open-ended real estate fund based in Germany that invests in classic commercial properties across Europe, including in Portugal ).
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 concentration operation consists of the indirect acquisition, by Caminho Propício – SIC Imobiliária Fechada S.A. (“Caminho Propício” or Purchaser), of exclusive control of the Forum Madeira Shopping Center (“Fórum Madeira”) to DWS Grundbesitz GmbH (“DWS” or “Seller”).
Timeline
2025-01-23
Caminho Propício notifies the acquisition of exclusive control over Fórum Madeira.
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