July 2019 – Richard D. K. Turner
Curzon Capital Partners 5 LLP, a fund advised by Tristan Capital Partners LLP, has acquired a portfolio of seven office buildings primarily located in Lisbon’s CBD for an amount totalling 100 million euros. The fund acquired the portfolio from Vision Escritórios, a closed-end fund managed by Norfin.
The assets consist of 38,421 m2 of space, including a landmark office building at Rua Castilho, five office buildings in Lisbon’s Zone 2 and a mixed-use building in the nearby suburb of Carnaxide. The offices are 95% leased, with a well-diversified mix of tenants. All of the properties have access to good parking and public transport. Tristan will retain Norfin as an asset manager.
Curzon was advised by JLL, Uria Menendez and theCVO Group. Financing was provided by ING Bank Portugal.
Original Story: Iberian Property – Vanessa Sousa