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Square buys set of buildings for €47M in Lisbon
26 February 2020 | Ana Tavares

Fund CA Património Crescente, managed by Square AM concluded at the end of last year the purchase of four buildings in Lisbon from Explorer Investments, for more than 47 million euro.

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This portfolio includes Building E, at AlfraPark (around 14.4 million euro, according to CMVM), building Visconde de Alvalade (around 18 million euro), building E, at AlfraPark (14.4 million euro), building Smart (11.9 millon euro), at Parque das Nações, and CUF Alvalade Clínica (around 4 million euro).

The information was reported by Eco which also recalls that this set of buildings, which was placed on sale last year, also included a bank branch in Madeira. In the case of this asset, the tenants exercised their preference right.

The operation was concluded with a 7.5% yield.