• Transaction / Assets
    Torre Burgo (Av. da Boavista 1837)
  • Seller
    DosPuntos Asset Management
  • Buyer
    US institutional investor
  • € MM

US Institutional Investor Acquires Porto’s Torre Burgo from DosPuntos

30 October 2019 DosPuntos Asset Management has sold the Torre Burgo office complex in Porto to an undisclosed US institutional investor in one of the largest deals of the sector in the city. JLL, through its Capital Markets team, provided consulting services to DosPuntos.

The Torre Burgo complex was built in 2007. The complex consists of two separate office blocks that have a total of 17,000 m2 of gross leasable area (GLA) and 260 parking spaces n Porto’s prime business district. The 18-floor building, which is on Avenida da Boavista, is next to the Burgo Centre, a 4-floor building with commercial spaces on the ground floor.

The complex has an occupancy rate of over 85%, with established tenants such as Lufthansa, L’Oreal, KPMG, Iberdrola, Accenture, LeasePlan, AON, Michael Page and Arrow Electronics.

Original Story: Construir

Adaptation/Translation: Richard D. K. Turner