Search
 

Akeler Exits Lisbon Business Park

LONDON-Office and business park developer Akeler has sold its final remaining two buildings at Quinta da Fonte business park near Lisbon, Portugal, to Siemens for pounds 19.8 million ($32 million).

By Graham Parker | Updated on July 30, 2003

LONDON-Business park specialist Akeler has sold its last remaining properties on the Quinta da Fonte business park near Lisbon, Portugal. Fund manager Siemens Kapitalangegesellschaft (SKAG), majority owned by the Siemens pension fund, has bought 114,000 sf in two adjacent buildings for pounds 19.8 million ($32 million).

Akeler Chief Executive Trevor Silver said: “The sale of the two final office buildings highlights the success of the development and supports our strategy of developing premium office and business park space at key urban centres across the UK and Europe.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.