The building comprises 16,400 sf of office space, a 6,500-sf retail mall anchored by a Modelo Bonjour supermarket, and around 250 parking spaces. Sonae Imobiliária has signed a 10-year lease for the office space that it occupies.
Acting on behalf of Sonae Imobiliária, Cushman & Wakefield Healey & Baker sold this building to the Real Estate Portfolio Fund, managed by AF Investimentos. "A sale and leaseback operation, when properly structured, enables a company to free up resources for its core business," says Luís Rocha Antunes, Partner and co-head of Cushman & Wakefield Healey & Baker's Lisbon Investment Department. "Such an operation also offers a company more flexibility with regards to the office space that it occupies."
Cushman & Wakefield Healey & Baker operates the European, Middle Eastern and African division of Cushman & Wakefield, delivering a worldwide service through 155 offices in 51 countries.
Sonae Imobiliária, a developer and manager of shopping and leisure centers, currently has interests in Portugal, Spain, Greece, Germany, Austria, Italy and Brazil.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
