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Nipa Holdings BV buys Latino Coelho 142 building in Porto
22 March 2019 | Ana Tavares

Dutch group specialized in offices NIPA Holdings BV bought Latino Coelho 142 building, in Porto. The operation’s amount was not disclosed.

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CBRE accompanied this deal, representing the building’s owners, real estate investment funds Renda Predial and Imorenda, managed by Millennium bcp’s management society.

The building is located in Porto’s city centre. It has 6 floors above the ground and a 3.865 sqm office area. It has an open space and 44 parking spots below the ground.

Luís Mesquita, CBRE director in Porto, comments that «never the real estate market in Porto played such an important role as it does now. Considering the above average return rates and the investment’s high potential, expectations are that investors keep seeing in the city an attractive investment alternative for the future. This reality is particularly noticeable in the office market, which has been impacted by the many multinational companies which have been establishing themselves in Porto».