Cushman & Wakefield has announced it has been selected to manage the Retail Park in Setúbal, further strengthening its presence in the retail park sector in Portugal. The asset, owned by Remake Live SCPI, is now part of the consultancy's portfolio in the country, making it the sixth retail park under its management.
Located on Estrada de Algeruz, next to Mercadona and Continente supermarkets, the Retail Park in Setúbal was Remake’s first investment in Portugal and features a gross leasable area of over 4,000 sq.m. The shopping space was inaugurated in the last quarter of last year and houses leading brands, some of which are new to the residents of Setúbal: MaxMat, which opened its first store in the city, and KFC, which—despite already having a presence in Setúbal—is debuting its first drive-through restaurant in this market. The retail park also accommodates Worten, which relocated from another building in the city. The development offers 132 free parking spaces.
"We believe that the expertise and specialisation of Cushman & Wakefield will be crucial to consolidating the Retail Park in Setúbal as a reference destination in the city. Management quality is one of Remake’s strategic pillars, and for that, we rely on solid and experienced partners like C&W," comments Thomas Ménède, MRICS, Asset Management Team Leader of Remake Live SCPI.
"We are delighted to add the Retail Park in Setúbal to our management portfolio in Portugal. This asset has a strategic location and a strong commercial mix, reinforcing the growing trend of retail parks in the national market. Cushman & Wakefield's commitment will be to ensure efficient operation and contribute to the success of the development," states André Navarro, Partner and Head of Retail Asset Services at Cushman & Wakefield.
Cushman & Wakefield manages a portfolio of 800,000 sq.m of commercial real estate (GLA) in Portugal, encompassing retail, offices, logistics, and hospitality assets. Within the Retail Park category, this is the sixth asset to join the consultancy’s portfolio.
Cushman & Wakefield takes over management of the new Retail Park in Setúbal
18/03/2025
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
Recent News
Cushman & Wakefield brings Sunday in Lisbon to the heart of Lisbon
Cushman & Wakefield (C&W) announces the opening of Sunday in Lisbon at Largo Conde Barão - Santos (No. 37), in Lisbon.
11/12/2025
Cushman & Wakefield and B. Prime appointed to market Quinta da Marquesa
Cushman & Wakefield (C&W) and B. Prime announce that they have been jointly appointed, under a co-exclusive mandate, to market Quinta da Marquesa in Palmela, a property owned by the joint venture between Patron Capital and Inbright.
09/12/2025
Cushman & Wakefield Announces Paulo Sarmento will succeed Eric van Leuven as Head of Portugal
Paulo Sarmento will succeed Eric van Leuven as Cushman & Wakefield’s Head of Portugal, effective 1 January 2026, with van Leuven continuing with the firm as an Executive Partner.
04/12/2025