Sixth Street swoops on 15 Portuguese offices for reported €150m

GLobal investment firm Sixth Street, in partnership with asset manager Acacia Point Capital Advisors, has completed the purchase of 15 buildings within the Quinta da Fonte Office Park (QDF) in Lisbon from Signal Capital. 

Financial terms were not disclosed, but local media reports place the deal in the €150 mln range.

QDF is located 15 km west of central Lisbon and comprises 80,000 m2 of total space across 22 buildings.

Occupiers include global leaders in biotech, medical diagnostics, pharmaceutical, engineering, financial services and technology sectors. The business park also includes restaurants, cafes, pharmacy, a Holmes Place gym, newspaper agency and post office.

Sixth Street said it worked closely with Acacia Point on the transaction, and Acacia Point will continue as operational asset manager of the properties, as it has been since 2018.

Advisors to Sixth Street on the acquisition included Gómez-Acebo & Pombo, Ropes & Gray LLP, and KPMG.


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