The performance of investments made by CORUM is not a reliable indicator of future results.
Braga - Portugal
With more than 190,000 inhabitants, Braga is the third largest city in Portugal. The catchment area is very wide with more than 800,000 inhabitants in the district. The H&M store is located at the heart of the main pedestrian shopping street. This ideally located 2,000-sq.m property is a major asset for the image of the H&M brand in Portugal.
This investment generates a net initial yield* of 9.62% (incl. transfer tax and brokerage fees).
H&M is listed on the Stockholm stock exchange and operates in 54 countries. It employs around 116,000 people and posted revenues in excess of €16bn in 2013. With 23 stores, the H&M group generated revenues over €96m in Portugal. Its business model is to offer fashion and high quality at the best price. H&M became increasingly popular by launching temporary collections in collaboration with fashion designers (Karl Lagerfeld, Viktor & Rolf, Roberto Cavalli, Versace...) or celebrities (Madonna, Kylie Minogue, Katy Perry, Lana Del Rey, David Beckham, Vanessa Paradis, Beyoncé). Created in 1947, H&M (Hennes & Mauritz) is a Swedish clothing retail company. H&M evolved from a single women’s wear shop in Västerås, Sweden, in 1947, into a group of six different brands and 3,200 stores all around the world.
Acquisition price (incl. transfer tax and brokerage fees)
Net initial yield*
9,62% (incl. transfer tax and brokerage fees)
* Net initial yield: Annual rent divided by acquisition price including transfer tax and brokerage fees.