Previous Next
Marathon reinforces in Portugal with another €30 million investment
29 November 2019 | Susana Correia

Global player Marathon Asset Management has just reinforced its presence in the Portuguese office market, with a further €30 million investment deal in “Lisbon’s Out-of-Town” zone. WORX- Real Estate Consultants acted on behalf of the seller.

Foto

The buyer was an affiliate of MCAP Global Finance (UK) LLP, part of the New York based Marathon Asset Management, L.P. WORX, a Lisbon based real estate consultancy firm, was the exclusive agent in the transaction of Ramazzotti building for a value of around 30 million euros.

This deal marks the highest office market transaction occurred in this area (Corredor Oeste of Zone 6) during this year.

The building results from a conversion of a logistics warehouse to an office building. It now reveals an outstanding architecture, combining both offices, retail and warehouses into two different buildings that combined together represent a total of more than 14.000 sqm. The location being nearby the center of Lisbon as well as a footstep from the main motorways, namely the A5 (Lisbon-Cascais).

Pedro Rutkowski - Worx’s CEO – commented: «this deal is a great example of our “One Stop Advisor” approach to our clients. Worx was involved in this operation since construction, at first through our Consultancy department (before construction), then through Agency (to let the building) and now our Capital Markets Department finalizes the transaction».

 

Source: WORX - Real Estate Consultants