What Ores Portugal does

Olimpo Real Estate Portugal, SIGI, S.A. (doing business as ORES Portugal) is a publicly listed Portuguese real estate investment company, headquartered in Maia, Portugal. It is the first SIGI (Sociedades de Investimento e Gestão Imobiliária) created in Portugal, operating under the special tax regime established by Decreto-Lei n.º 19/2019, and replicates the structure of the Spanish Olimpo Real Estate SOCIMI. The company's primary business is the acquisition and long-term management of commercial real estate assets in Portugal and Spain, with a portfolio that includes hypermarkets and supermarkets leased to Continente, Pingo Doce, and Mercadona, plus a logistics warehouse leased to Grupo Luís Simões.

The company is dual-sponsored: Sonae Sierra acts as the real estate manager (bringing 30+ years of experience, approximately 140 assets under management valued at €6.2 billion, and 15 investment vehicles across 50+ countries), while Bankinter acts as the financial partner. The board of directors and investment committee are staffed exclusively by executives from these two sponsors — there are no independent directors — with the Chairman drawn from Bankinter and the Vice-Chairman from Sonae Sierra. The company was founded in 2019, filed annual accounts from that year onward, and was admitted to trading on Euronext Lisbon in 2025, making shares available to institutional and retail investors via the public stock exchange.

Revenue is derived from rental income and capital appreciation on owned real estate assets under long-term leases with grocery and logistics tenants; no SaaS, services, or transactional revenue streams exist. The go-to-market is effectively public-market distribution through Euronext Lisbon, complemented by origination and management capacity supplied by the two sponsors. No proprietary technology platform, API, mobile app, or digital product is disclosed — the operating model is traditional asset ownership and lease administration.

Name

Ores Portugal

Legal name

OLIMPO REAL ESTATE PORTUGAL, SIGI, S.A.

Website

https://ores-portugal.com

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

ORES Portugal is the first Portuguese SIGI, a publicly listed real estate investment company on Euronext Lisbon that acquires and manages commercial real estate assets in Portugal and Spain, sponsored by Sonae Sierra and Bankinter and leased to grocery and logistics tenants.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment Trust

SIC

Real Estate Investment Trusts (6798), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Real Assets — Operating Platforms & Direct Investments (FSAAAKAL)

Keywords

• Commercial real estate investment
• Real estate investment trust
• Property asset management
• Retail property leasing
• SIGI investment vehicle

Headquarters

HQ city

Maia

HQ country

Portugal

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Others

Revenue model

1. Commercial Real Estate Investment: ORES Portugal generates revenue through the acquisition and long-term management of commercial real estate assets in Portugal and Spain. The company operates under the special SIGI (Sociedades de Investimento e Gestão Imobiliária) tax regime, which is a Portuguese REITs-like structure. Revenue is derived from rental income and capital appreciation of the real estate portfolio.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

ORES Portugal is a publicly listed SIGI (Portuguese REIT equivalent) that acquires and manages commercial real estate assets—with long-term growth potential in the Portuguese and Spanish markets. The portfolio includes hypermarkets, supermarkets, and logistics warehouses leased to anchor tenants such as Continente, Pingo Doce, Mercadona, and Luís Simões, generating rental income and capital appreciation for shareholders. Sonae Sierra acts as the real estate manager and Bankinter as the financial sponsor.

Product overview

ORES Portugal is the first SIGI (Sociedades de Investimento e Gestão Imobiliária) created in Portugal, replicating the successful experience developed in Spain through Olimpo Real Estate SOCIMI. The company operates as a single unified real estate investment product offering, managed by Sonae Sierra and Bankinter, that acquires and manages commercial real estate assets across Portugal and Spain. The portfolio includes hypermarkets (Continente Modelo), supermarkets (Continente Bom Dia, Pingo Doce), a logistics warehouse (Luís Simões), and retail properties (Mercadona Spain), all generating rental income under long-term lease agreements with major grocery retailers.

Differentiator

Problem solved

Functional benefit

Products and services

• ORES Portugal SIGI (Listed Investment Vehicle) Portuguese public limited company operating under the SIGI tax regime that acquires and manages commercial real estate assets in Portugal and Spain. Investors gain exposure to Iberian commercial real estate through publicly traded shares on Euronext Lisbon, with asset management provided by Sonae Sierra and Bankinter.

Named customers5 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and flagship.

• Sonae SierracoreStrategic or Co-development PartnerSonae Sierra is the real estate manager of ORES Portugal with more than 30 years of experience. They currently manage approximately 140 assets worth €6.2 billion and 15 investment vehicles. Sonae Sierra provides established platform and local teams in Europe, Latin America and North Africa, serving over 50 countries. The company was founded in 1991 and its CEO is Fernando Maria Guedes Machado Antunes de Oliveira since 2010.
• Olimpo Real Estate SOCIMI (Spain)flagshipStrategic or Co-development PartnerORES Portugal replicates the successful experience developed in Spain through Olimpo Real Estate SOCIMI, which was also sponsored and managed by Sonae Sierra and Bankinter. This serves as the blueprint for the Portuguese SIGI structure.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Market position

Competitive moat4 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ores Portugal