Property Portfolio

Physical property investments are focused on retail assets across continental Europe. Lighthouse constantly assesses opportunities to upgrade, refurbish, extend and redevelop our properties.

Property name Primary use Geographical location Ownership % Acquisition date Occupancy % Gross lettable area (m²) Purchase price/cost EUR Fair value EUR Address
Forum Coimbra Retail Coimbra, Portugal 100 31 May 2017² 99.5 33 843³ 197,280,348¹ 182,267,000 Av. Jose Bonifacio de Andrada e Silva No.1 Quinta do Vale – Almegue Santa Clara 3040-389, Coimbra, Portugal.
Planet Koper Retail Koper, Slovenia 100 30 August 2016 98.5 31 240 70,829,117¹ 66,200,000 Ankaranska cesta 2, 6000 Koper, Slovenia
Total 65 083 268,109,465 248,467,000
Forum Viseu was sold on 6 March 2020 for EUR 39,7 million. ¹ Purchase price/cost includes capitalised cost to date.
² An effective 50% ownership interest was acquired on 31 May 2017, with the remaining 50% acquired on August 2018.
³ Excluding a 17 700m² hypermarket that is separately owned.

Located in Coimbra, which is the capital of the Centro region of Portugal. Coimbra is situated between Lisbon and Porto with a population of approximately 144 000. Forum Coimbra is the most dominant retail centre in its catchment area. It is in a prime location with excellent visibility and easy access to both the city centre and the A1 motorway (Lisbon – Porto). The shopping centre is anchored by a fully refurbished Continente (in separate ownership), is tenanted by 141 retailers and has 2 597 parking spaces. Forum Coimbra has a dominant food court that boasts 30 different restaurant options, a six-screen cinema NOS complex. Fashion anchors include international heavyweights such as Primark, eight of the Inditex brands, H&M and JD Sports, and this year we saw the introduction of a new sports fashion concept, Courir, and a new premium gym offering called ‘Krush-it’ to the tenant mix. The weighted average contractual rent per m² is EUR 28,00 (EUR 27,83 in 2019).

Located in Slovenia’s only port town, Koper, Planet Koper is the largest shopping centre on Slovenia’s 47 kilometre coastline. The shopping centre is well located just off the coastal motorway with easy access to the city centre and the surrounding residential population. Planet Koper is anchored by a Tus supermarket, is tenanted by 85 retailers and has 1 130 parking spaces. In 2019, we completed a refurbishment of the shopping centre where we opened a new food court that is anchored by well-known national restaurant chains Lars & Sven and Teta Frida. At the same time, we successfully introduced an array of international brands to the shopping centre, and in most cases, these brands are the first in the region and exclusive to Planet Koper. This includes the opening of four new stores from the LPP Group: House, Cropp, Sinsay and Mohito. Furthermore, international brands such as L’Occitane, Galileo, Superdry, Europa 92, Champion, Sport Vision, and Polleo Sport, have all opened in the same period. In 2020, we completed the installation of a children’s playground which is set to complement and strengthen the food court offering. The contractual rent per m² is EUR 14,15 (EUR 13,89 in 2019).