The Capital Markets team at WORX Real Estate Consultants advised Santander Asset Management on the sale of the Decathlon store in Matosinhos.
The transaction reinforces the attractiveness of the specialized retail sector in Portugal, particularly for assets leased to leading market operators offering long-term, low-risk rental agreements.
Located in Matosinhos, one of the most dynamic municipalities in the Porto Metropolitan Area, the property stands as a landmark asset in the Portuguese retail market. It benefits from proximity to key road networks, high visibility, and strong customer attraction in an area characterized by high population density and economic growth.
Despite a challenging international environment, the specialized retail segment continues to show resilience, driven by consumers’ demand for omnichannel shopping experiences and their trust in well-established brands. For investors, this asset class remains a secure investment, providing stable income streams and long-term value appreciation.
Luís Figueiredo, Board Member at Santander Asset Management, stated:
“The decision to sell this asset only in 2025 proved to be the right one, allowing us to take advantage of the economic context and maximize the sale value. This is a unique property — the largest Decathlon store in the Iberian Peninsula — well located and operated by the market’s leading brand, which makes it particularly attractive and a strong target for investor interest.”
João Tinoco, Investment Director at WORX Real Estate Consultants, added:
“The completion of this transaction reflects the strong appeal of the retail market in consolidated locations such as Matosinhos, where Decathlon has strengthened its presence with the largest store in the Iberian Peninsula, serving a diverse and demanding audience. This property represents not only a landmark in the local retail landscape but also a resilient investment, secured by a long-term lease with a top-tier international operator and significant value appreciation potential given the area’s growth prospects. The deal confirms investors’ confidence in large-scale retail assets that offer stable cash flows and solid return prospects.”
This sale underscores the resilience of the real estate investment market in Portugal and highlights the importance of specialized advisory services, such as those provided by WORX, in executing complex and strategically significant transactions.
