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Incus buys building Arquiparque II
05 February 2020 | Ana Tavares

Incus Capital Advisors concluded the purchase of office building Arquiparque II, owned by the investment fund managed by Profile S.G.F.I.I. The deal was advised by CBRE and Altamira Asset Management.

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The Arquiparque II is located at Cáceres Monteiro avenue, in the Miraflores business district. It has a total 5.300 sqm, 170 parking spots and tenants such as Software Solutions, Primavera, Multi and Grant Thornton.

Nuno Nunes, director of Capital Markets at CBRE, stated that «at a time when there is a lack of offer in terms of office buildings, CBRE has sought solutions to meet the short and mid-term demand, prompting investors to rehabilitate and build new offer in what was once the office prime area of the Western Corridor».

João Ribeiro, Real Estate Singular Coordinator at Altamira, remarked that «this transaction reinforces the growing attractiveness office buildings located in the Western Corridor have for companies and investors, with Arquiparque II being a reference in the market».