Iberian Property estimates the sale was closed for around 50 million euros.
QDF is one of Portugal’s finest office parks offering occupiers high quality, flexible and efficient accommodation with large floor plates in an attractive business park environment. QDF is centrally located within Lisbon’s Western Corridor, the location of choice for major global corporations who value the quality of the office accommodation and the lifestyle benefits of working in this area. Major occupiers within QDF and the surrounding area include Google, Oracle, Cisco, Dell, SAP, Hewlett Packard, ABB, P&G, MSD, Nestle and many other Fortune 500 companies.
The acquisition was undertaken with the support of local partner, Acacia Point Capital Advisors (“Acacia Point”), who will undertake various management initiatives to create value at QDF, including the construction of an additional parking facility, improvement to internal traffic flows and an enhancement of amenities including food, beverage and leisure facilities.
Cushman & Wakefield acted on behalf of the purchasers on the acquisition of the park.
Source: Acacia Point CA