• Transaction / Assets
    CBRE Sells São Filipe Neri Building to Fundo Atlantis
  • Seller
    CBRE
  • Buyer
    Atlantis / Silvip
  • € MM
    n/a

CBRE Sells São Filipe Neri Building to Fundo Atlantis

23 January 2018

The São Filipe Neri building, located in Amoreiras, in Lisbon, was sold to the Closed Real Estate Investment Fund Atlantis, managed by the Silvip fund management company and held by a French family office with an investment focus in the Portuguese capital. The operation was carried out by real estate consultancy CBRE.

The buyer had legal representation by PLMJ.

São Filipe Neri was part of the portfolio of the Closed-end Real Estate Investment Fund Caixa Arrendamento, which was managed until then by Norfin and was the first real estate investment fund focused on residential rentals in Portugal.

With approximately 4,800 m2, the property is currently used for mostly residential purposes, with a retail component at the ground floor level.

The location and the potential for rehabilitation were the primary attractions for the property’s new owner, Miguel Gonçalves Ferreira, a senior consultant at CBRE, explained. “One of the great attractions of this investment was undoubtedly the rarity of this type of mostly residential property on the Portuguese real estate market. The property’s location, near the Jardim das Amoreiras, a medium-high residential area, and the scale of the building, which has more than 40 residential units, were also factors.

Original Story: Construir

Translation: Richard Turner