121
121
  • Transaction / Assets
    Triuva Sells Retail and Office Assets to Foreign Investor
  • Seller
    Triuva Kapitalverwaltungsgesellschaft
  • Buyer
    n/a
  • € MM
    n/a

Shops and Offices in Alto do Parque in Lisbon Sold to Foreign Investor

23 May 2018

Triuva sold three street-facing stores and one office in the Alto do Parque development in the centre of Lisbon to a foreign private investor. Located near El Corte Inglés in Lisbon, Alto do Parque is considered one of the capital’s most luxurious and successful mixed-use projects.

The transaction included three retail units currently occupied by Decathlon, Nespresso and Zillian; an office leased to the McCann international advertising agency and 101 parking spaces. Cushman & Wakefield (C&W) structured the sale of the assets on behalf of Triuva Kapitalverwaltungsgesellschaft, a company recently acquired by the Patrizia group, to a foreign private investor whose identity was not disclosed.

According to David Lopes, partner and head of Retail Investment at C&W, “this sale in Alto do Parque proves the attractiveness of this type of real estate to foreign private investors looking for well-located assets with well-known occupants.”

This is, according to the official, “one of the many exclusive mandates we have for street stop sales and we are confident demand will remain high throughout 2018.”

Original Story: Idealista

Photo: Cushman & Wakefield

Translation: Richard Turner