Internos sells Mar Vermelho Building for €22.6M

Internos sells Mar Vermelho Building for €22.6M


The building has a total of 6,900 m² fully occupied by tenants such as Regus or Adecco, as well as 176 parking spaces in the basement.

In this operation, the Capital Markets department of JLL accompanied Internos.

Paul H. Muno MRICS, Partner and Head of Capital Relations & Germany at Internos, said: "This disposal is a good fit with the revised fund strategy, which envisages divesting a handful of properties while intensifying the letting and asset management activities at the remaining assets. This will generate a sustainable increase in value on behalf of investors."

Euro Property I has now a portfolio that adds the €132.4 million in Germany, France, Portugal and Spain.

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