ADDSOLID has completed the sale of a standalone retail asset located in Lumiar, in Lisbon, fully let to fitness operator VivaGym, to a private investor.
The property comprises 1,800 sqm and has been leased to VivaGym since 2019. Located in a central, densely populated area of Lumiar, the asset benefits from a long-term lease with one of Portugal's leading fitness operators.
The transaction was advised by Cushman & Wakefield, which represented ADDSOLID and identified the buyer through its Private Wealth team.
According to ADDSOLID, the sale is in line with its active portfolio management strategy, focused on generating value and recycling capital into new investment opportunities. Tiago Cerdeira Pinto, Operations Director at ADDSOLID, said the transaction also reinforced the company's partnership with Cushman & Wakefield, whose support throughout the process was instrumental in bringing the deal to a successful conclusion.
For Inês Sousa, Head of Private Wealth da Cushman & Wakefield Portugal, the transaction reflects the continued interest of private investors and family offices in well-located assets offering stable income through long-term leases with established occupiers.
