Savills News

Portuguese companies buy SUMOL+COMPAL building in Faro

Rolear Group and Metalofarense have bought, in a joint operation, the SUMOL+COMPAL building in Faro, located on the EN 125, near the Fórum Algarve shopping center. The sale was advised by the international real estate consultant Savills.  

The building, previously the manufacturing facility, for the production and marketing of the SUMOL fruit juice brand, comprises a main block, with an area for offices, technical and support areas for manufacturing and logistics activities. Currently, there is a total warehouse area of 7,753.66 m2, a total office area of 2,221.00 m2 and a total yard area of 10,474.00 m2.

Amélia Eusébio, director of SUMOL+COMPAL, said: “SUMOL+COMPAL is pleased with the sale of this property to two prestigious Algarve companies and recognises the professionalism of Savills in identifying and developing the contacts that allowed the transaction to be concluded.”

As SUMOL’s manufacturing facility in the south of the country, a brand with high national recognition, the property is emblematic. 

Parreira Afonso, Rolear Group’s administrator, explains: ”Rolear’s wide range of products and services, forced us to look for a logistic space in the area of the headquarters, well located, with good access, visible, of remarkable dimensions, but necessary. In addition to these important requirements was the fact that it is an emblematic building of industrial production in the Algarve.

“We hope that the new unit will provide a general increase in business, strengthening our companies and contributing to the development of the region," he concludes.

Metalofarense, an active participant in the development of the region, with a prominent role in the sector of steel products and construction materials, said that the acquisition was important for the development of the company, and also because it was carried out by two companies in the region. 

Luís Afonso, director of Metalofarense, said: “The founder of SUMOL, who is also from the Algarve, would have been pleased with this side of the business. This is therefore another step in the growth of our activity, accompanying the development and progress of the Algarve region.” 

Luis Rocha, Industrial & Logistics Consultant of Savills Portugal, added: ”We are pleased to advise renowned brands, such as SUMOL+COMPAL, to implement their Real Estate strategies, which, in this case, has entrusted us with the marketing of its real estate assets, once vital in the development of its business and that, now, will have a renewed role of importance in the growth strategy of Metalofarense and Rolear Group.

"This level of service and commitment to our clients is only possible thanks to the tremendous know-how that Savills' teams have of the real estate market in the most diverse segments, as well as their proximity to the main operators and investors active in our market," he highlights.

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