Grupo Endutex buys Minerva building from Profile SGFII’s fund

Grupo Endutex buys Minerva building from Profile SGFII’s fund

Located at Dr. Alfredo Magalhães street, a few metres away from Praça da Trindade and Avenida dos Aliados, the mixed building features offices and retail for a total GLA of 6.800 sqm and 140 parking spots.

Nuno Nunes, director at Capital Markets CBRE, believes that «this operation confirms the interest for commercial real estate in Porto, which is seeing an unprecedented demand by new tenants and expanding companies». He explained that «this dynamic is generated by both foreign and domestic companies, which found in Portugal and in particular in Porto, the ideal conditions to headquarter their teams, to grow and to consolidate their lines of business. This dynamic attracts growing interest from the big international investors who now include Porto within their investment target destinations».

João Ribeiro, Real Estate Singular Coordinator at Altamira, mentioned that «this transaction confirmed this asset’s strategy within the city of Porto, as well as its attributes for installing companies and businesses in need of parking spaces, services, accesses and public transports nearby».

Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!