CERES is a Real Estate Food Retail Fund focusing in the centre and north coastal area of Portugal

Invest in one business sector that has proven to be amongst the most resilient to economic downturns and crisis, the Food Retail sector. With ratios well below European average, Food Retail in Portugal will continue to grow in the coming 10 years.

Subscribe a fund that secures your investment and return before the end of the Golden Visa period. 

Food Retail
The Food Retail sector, in the last 4 economic downturns since 1986, has proven to hold its performance better than most industries

The Fund
CERES I is a Real Estate based fund for the Food Retail business sector

Fund Management
A Team with International experience in managing private equity funds and in developing retail units in Portugal
Golden Visa Portugal

Invest in one business sector that has proven to be amongst the most resilient to economic downturns and crisis, the Food Retail sector

The Food Retail sector, in the last 4 economic downturns since 1986, has proven to hold its performance better than most industries.

Distribution of company performance in downturns, by sector

Food Retail investment

In latest global crisis, covid-19, Food Retail has once again showed its resilience.

Coronavirus impact on sectors

According to Moody’s, as well as to other market analysis entities, in 2020 and 2021, Food Retail was ranked as one of the top 2-3 business sectors with its performance less impacted (low exposure) by covid-19, proving to be one of the most resilient sectors.

 

Food Retail investment

Consurmers expect to spend more money on groceries post pandemic

In terms of food spending expectations, the report “Disruption & Uncertainty -The State of Grocery Retail 2021–Europe” has confirmed that the spending on groceries post pandemic will remain higher than pre pandemic. Once again, a proof of the resilience of the Food Retail sector.

Food Retail investment

In Portugal, the Food Retail sector has proven its resiliency, and with ratios well below European average, it is expected to continue to grow in the coming 10 years.

During 2020, the most devastating year of the covid-19 crisis, the Food Retail sector in Portugal performed better than the previous two years in terms of retail sales and gross sales area growth, outperforming all the other retail sectors.

Food Retail investment
Food Retail investment

CERES is Real Estate Food Retail Fund focusing
in centre and north coastal area of Portugal

Key learnings for 2022

Real Estate

Investment in Funds, Real Estate based is the most cost-efficient, highest earning with the better tax benefit investment option.

The centre and north coastal area of Portugal has had the highest value creation for any Real Estate segment.

Food Retail

The Food Retail sector, in the last 4 economic downturns since 1986, has proven to hold its performance better than most industries.

With ratios well below European average, Food Retail in Portugal will continue to grow in the coming 10 years.

Rationale for CERES Development

Real Estate

CERES I is a Real Estate based fund, investing in the centre and north coastal area of Portugal.
CERES I enables the investment in areas that have delivered the highest value creation in the last 10 years.

Food Retail

CERES I is a Real Estate based fund for the Food Retail business sector, which develops new units for the 2 local market leaders and for the
3 international fastest growing
food retailers.

 

CERES fund

Magnify has started the Food Retail project in 2017 and has created a database of more than 50 locations, all in the coastal Areas north of Lisbon, coinciding with the areas that are no longer eligible for applying to the Golden Visa via Investment in Residential Real Estate.

The targeted areas and the Food Retail sector are some of the key factors that made CERES I a preferred option for the Golden Visa Investors.

Market Share Portugal
2021

CERES fund

The local brands Continente and Pingo Doce, the 2 german brands LIDL and ALDI and the spanish brand Mercadona are the preferred targets, due to its declared growth plans, easily scalable supermarket formats, credit rating and lease agreement format.

Subscribe a fund that secures your investment and return before the end of the Golden Visa period

As the Food Retail units take up to 2 years to develop, and once ready they will immediately be sold to the Forward Purchaser, it will be possible to have a bank account for each Golden Visa Investor, where it will be deposited the distribution of transactions that will occur during the Golden Visa period.

This procedure will ensure that the Golden Visa investor will have already the full amount of the initial investment plus returns in his account, before the end of the Golden Visa period.

CERES fund

A Team, with International experience in managing private equity funds.

Totaling > 1.3 Billion euros and with experience in developing.

In the last 10 years > 79 food and other retail units in Portugal.

Fund Management

CERES fund
CERES fund

António Vieira da Silva

FOUNDER AND MANAGING PARTNER

António is founder and managing partner of Business Setting and of Magnify. During the past 18 years, he has worked as an International Consultant in Business Development and/or Turnaround projects, in more than 30 countries. He is also an invited associate professor at the IUL – Business School.

With +30 years experience, he has carried out the following functions among others: Advisor to the Chairman of the BoD and Executive Committee of Galp Energia; Business Turnaround Manager, Royal Dutch / Shell Group, based in The Hague; Member of the Board of Directors of Shell Portugal and Iberia; and has been member of the BoD of several companies.

CERES fund

João Barata

PARTNER – COMPLIANCE

Graduated in Economics, João developed his career mainly in the financial sector. At Millennium BCP he spent 5 years divided between Audit and Corporate Banking. Subsequently, and already in ABN AMRO, João was Corporate Director for 4 years and Private Banking (Geneve) for 6 years.

After 2004, he was a director of Valor Alternativo, managing director of Hedge Funds, managing director of Golden Hill AG, a management company in Zurich for 4 years and later working for the managers of Lynx Asset Managers.

Currently, João is Partner at Magnify, with responsibility in the areas of Real Estate Investments and Wealth Management.

Development
Management Company

CERES fund

Retailermade was created as a result of an ongoing partnership with the Fund Management Company MAGNIFY Afterburner SCR to support the operational aspects of procuring, acquiring and developing food retail assets across Portugal.

As part of our partnership with MAGNIFY Afterburner SCR, Retailermade has signed a Development Management Agreement for the Food Retail Fund CERES I.

Auditor

CERES fund

Custodian

CERES fund

Regulator

CERES fund
CERES fund