Property News - Albufeira park deal

French developer Bouygues has forward-sold its 11,460 sq m Albufeira retail park in Guia, Portugal, to CGS for around EUR 15 million (£9.7 million).

The park is in an established retail location, close to the existing Algarve shopping centre. The deal is due to complete in July. CGS was advised by FPDSavills in Paris.