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AM Alpha acquired retail park for €55M
25 July 2019 | Vanessa Sousa

AM alpha, the Munich based Real Estate Family Office specialized in collaborations with private and institutional investors, announces the acquisition of a retail park in Greater Lisbon at the beginning of the year.

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According to information collected from consultant Worx, AM Alpha paid around 55 million euro for this retail asset.

The retail park “BPlanet” is a reinforced concrete construction at highest standards built by a French construction company in 2010 and contains 35,369 sqm lettable area and 1,710 parking spaces. The BREEAM certified building is 98% let to 73 tenants. Anchor tenants are national and international sector leaders as AKI (Leroy Merlin – hardware store), Decathlon (sportswear), Jumbo (Auchan – consumer market) as well as national and international F&B.

For AM alpha this is the second acquisition in Portugal and corresponds perfectly to the company’s strategy to buy properties with core to value-add risk-return profile in strong European economies. In summer 2018, AM alpha purchased the “Edificio Mapfre” in the heart of Lisbon, which is currently undergoing a renovation and re-letting process.

According to Martin Lemke, Managing Director at AM alpha, «the second acquisition in Portugal underlines our macroeconomic investment approach and the resulting decision to enter the Portuguese market at an early stage. Furthermore, the transaction is an exceptional example for our ability to analyze real estate investments of each asset class and to create value by rolling out the business plan in the context of our value-add investment strategy. As we are fully convinced of the quality of the Iberian metropolises, these cities will remain in our investment focus and we will continue to analyze them with regards to value-oriented investment opportunities across all asset classes».

Besides Europe, AM alpha is focusing on value-oriented transactions in the Asia-Pacific Region.

 AM alpha was advised by EY, RPE and RRP Advogados

 

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