Bankinter and Sonae Sierra put Ores up for sale for 350 million euros

Bankinter and Sonae Sierra have initiated the sale of Ores, a real estate investment vehicle, for approximately 350 million euros. This sale includes over 30 commercial assets in Portugal and Spain, as the investment vehicle approaches its operational deadline in 2026. The portfolio consists of supermarkets, hypermarkets, and shopping centers, with a strong focus on food retail. JLL has been appointed to manage the sale process. Ores was established in December 2016 and has a gross asset value of 332 million euros, with a high occupancy rate of 99.8%.