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The Portugal Brief

The Portugal Brief

Real Estate

Worx WOutlook Q1 2026 Books €915 Million in Portuguese Commercial Real Estate — Hotelaria Pulls 39% on the Penha Longa Sale, Retalho 37% on the Arrábida-Gaia Sonae Sierra Carve-Out, and the Full-Year Forecast Walks Up to €2.8–3 Billion

Worx WOutlook Q1 2026 puts Portuguese commercial real-estate investment at €915M — 39% hotel, 37% retail. The Penha Longa sale to L Catterton/Cedar and the Arrábida-Gaia carve-out drive the print; full-year forecast walks to €2.8–3bn.

Business

Navigator's Q1 2026 Net Profit Falls 64% to €17.2 Million on Storm Damage at Figueira da Foz and Vila Velha de Ródão Plus Higher Gas-and-CO₂ Costs — Sales Down 19% to €427 Million, EBITDA Halved to €65 Million

Navigator's Q1 2026 net profit fell 64% to €17.2 million on storm damage at Figueira da Foz and Vila Velha de Ródão plus higher natural-gas and CO₂ allowance costs. Sales -19% to €427M, EBITDA halved to €65M, net debt -€28M to €675.4M. Outlook held at 'positive and prudent.'