Aveiro Center, managed and marketed by Cushman & Wakefield, has launched a €2.2 million refurbishment plan aimed at modernizing its spaces and strengthening infrastructure. The project is being led by the consultancy’s Project & Development Services (PDS) team, which will ensure the shopping center remains fully operational throughout the works. Completion is scheduled for June.
“The Aveiro Center renovation project focuses on upgrading common areas, including green spaces, circulation areas, and façades, as part of a strategy to enhance and improve the overall commercial complex,” says André Navarro, Partner and Head of Retail Asset Services at Cushman & Wakefield.
The plan also includes the introduction of a new visual identity, through the implementation of a new logo aligned with the shopping center’s updated aesthetic.
“The intervention has been planned in phases to minimize the impact on tenants and visitors, ensuring the normal operation of Aveiro Center throughout the execution period,” adds Pedro Leal, Shopping Center Director representing the consultancy at the asset.
The intervention plan also foresees the future integration of new food & beverage concepts, namely a drive-thru unit, whose construction will begin before the summer.
Aveiro Center, owned by the Euro V fund managed by Savills Investment Management (Savills IM), is a well-established retail complex in the city of Aveiro, offering a diverse mix of retail and services. It is anchored by leading operators such as Continente, Worten, Sportzone, MO, Darty, Pepco, and Feu Vert. Managed by Cushman & Wakefield, the asset comprises a shopping gallery and a retail park, benefits from strong accessibility and a loyal customer base, and positions itself as a convenience destination within the region’s retail landscape.
Cushman & Wakefield is one of the largest real estate consultancies operating in Portugal, with a cross-sector presence across the market. The company currently manages a diversified portfolio of real estate assets in the country, totaling approximately 850,000 sq m under management, supported by a multidisciplinary property management team of 40 professionals.
