British Sixth Street buys 15 buildings in Quinta da Fonte for €150M

British Sixth Street buys 15 buildings in Quinta da Fonte for €150M

Signal Capital sold a total of 15 buildings in Quinta da Fonte, in Oeiras, to the British management company Sixth Street, for around 150 million euros, according to the news released today by Negócios.

Quinta da Fonte has a total of 22 buildings, 15 of which were owned by Signal Capital, which acquired the last 3 properties in the last quarter of last year, following its strategy of acquiring, remodeling and repositioning properties. Since 2018, several million euros have been invested in improving these offices, namely in terms of parking, accessibility, mobility, services, events or landscaping.

Acacia Point Capital Advisors Portugal, also co-investor and partner of Sixth Street, will continue to manage this venture, according to the same source.

Sixth Street was accompanied in this deal by the law firms Gómez-Acebo & Pombo and Ropes & GrayLLP, in addition to KPMG.

Signal Capital was advised by pbbr, in an operation led by partner Pedro Pinto.

It should be recalled that in July, Signal sold the JQOne building, in the former Entreposto, in Lisbon, to the global investment company Jamestown, for around 98 million euros.

In February this year, Signal bought the building numbers 5 to 7 on Avenida da República, also in Lisbon, from Puaça, a subsidiary of Sonangol, for around 30 million euros.

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