The German family office acquired of the portfolio of “Beatles” offices from an affiliate of Cerberus Capital Management, acting on behalf of several institutional investors managed by a Hamburg-based pension fund. The business value has not been advanced.
This set of assets includes three office buildings in Lisbon (two on Avenida José Malhoa and one on Picoas Plaza) and one in Vila Nova de Gaia, which are leased to EDP and Anacom, Sonaecom and Teleperformance, which occupy their entirety .
According to AM Alpha, the buildings «are well located in the center of Lisbon and next to the river, in the case of Porto, and represent a solid medium-long-term return on investment».
This is AM Alpha's third investment in the Portuguese market, where it has also completed the remodeling and sale of an office building in the city's CBD and acquired B Planet, in Barreiro.
Martin Lemke, Managing Director of AM Alpha, comments that «the success of this operation is further proof of AM Alpha's ability to find robust real estate investment opportunities». Furthermore, he adds that «the Iberian region continues to be one of our main focuses and where we are actively looking for core and value oriented investments in all sectors».