The Vida Ovar shopping centre, with over 20,000 square meters (m2) and 61 commercial units, has been acquired by French real estate fund manager Sogenial for over €20 million.

Located in the Aveiro district, a few kilometres from Porto, the asset is considered a strategic hub for the region and is expected to gain relevance in the retail and leisure sectors.

The new acquisition is part of a geographic and sectoral diversification strategy that prioritises resilient assets with appreciation potential. Sogenial said in a statement that this transaction marks its entry into the Portuguese shopping centre market and constitutes an important step in the pan-European development of a diversified real estate portfolio, according to a report by idealista.

Featuring leading brands such as Worten, Sport Zone, and Decathlon, as well as a cinema, a clinic, and ten restaurants, the centre combines retail, leisure, and healthcare services. This positioning, according to the statement, responds to new consumer trends that prioritize convenience and proximity, reinforcing Vida Ovar's attractiveness as a multifunctional destination.

The centre also offers 2,900 parking spaces, children's play areas, and a swimming pool, all elements that enhance the visitor experience. The real estate fund manager adds that the property is integrated into a dynamic and expanding region, benefiting from excellent road access and a strategic location between Porto and Aveiro.