NIPA Capital buys D. Manuel II building in Porto

NIPA Capital buys D. Manuel II building in Porto

With more than 15.000 sqm, and being one of the city’s most iconic buildings, this asset is located in front of the Palácio de Cristal’s gardens. Tranquilidade will remain as its main tenant.

Luis Mesquita from CBRE Porto states that «the market’s very positive cycle which is being felt in Portugal and in particular in Porto is reflected in the conclusion of another great sale. The D. Manuel II was one of the most significant transactions in Porto’s office market, consolidating CBRE’s role as one of the main players in this investment market».

Patrick Grasso, Managing Partner at NIPA Capital, said he feels «excited with the acquisition of this iconic building. This operation is completely in line with our strategy and is an excellent addition to our Portuguese real estate portfolio».

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