Lynx AM buys a building on Rua de Santa Catarina for €5M

Lynx AM buys a building on Rua de Santa Catarina for €5M

Lynx Asset Managers has just announced the purchase of building numbers 370-374 on Rua de Santa Catarina, in Porto, for the Nest Capital Fund, which has Optylon Krea as an advisor. The deal was closed for over 5 million euros.

This building currently houses the first Portuguese store of the Courir tennis and sports shoes brand, a space of 767 sqm spread over 5 floors above ground, 215 of which on the ground floor, opening onto the street.

JLL acted on behalf of the seller in this transaction, a Portuguese private investor, whose name was not disclosed. Fernando Ferreira, Head of Capital Markets at JLL Portugal, comments in a statement that «real estate will continue to be perceived by investors as a safe investment, especially in difficult times like the ones we are currently experiencing».

He points out that «high street commerce has been an asset class that is very much appreciated by private investors who want to be active in real estate, because, due to its characteristics, it is a type of asset with a lot of liquidity. This attractiveness has not faded even in the current climate of greater adversity, namely in terms of occupancy, and this operation is proof of that, showing that quality properties, in prime locations, with an adjusted ticket, will always be attractive to investors».

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