Henderson Park acquires Lagoas Park in Lisbon

in Business · 25-09-2020 01:00:00 · 0 Comments
Henderson Park acquires Lagoas Park in Lisbon

Henderson Park, the pan-European private equity real estate firm, has announced that it has completed the acquisition of the 1.5 million sq ft Lagoas Park in Lisbon for €421 million.

The prime and well-let portfolio boasts a high quality and diversified tenant base including a number of globally recognised healthcare and technology companies.

Lagoas Park is centrally located in the heart of Portugal’s technology corridor Oeiras, and has over 5,000 on-site, underground parking spaces. The park is situated just off the A5 highway, the country’s busiest commuter route linking the high-end residential area of Cascais and the city centre, and is 20 minutes’ drive from Lisbon’s international airport.

Lagoas Park is firmly established as the destination of choice for the regional headquarters of leading international businesses, with 17 Global Fortune 500 companies operating at the asset, a number of which have expanded their presence since first arriving. Occupiers include Google, along with Samsung, BMW, SAP, Johnson&Johnson, Sanofi, Oracle, Cisco, Volvo, Nike and BP.

Nick Weber, Founding Partner of Henderson Park, said: “Lagoas Park is undoubtedly one of the leading business parks in Portugal, standing out because of its incredible scale, quality and impressive tenant roster of high-profile companies. Lisbon has a growing position as a European business centre, attracting marquee international companies, across growth industries like technology and healthcare, and offering a high quality of life for employees. Lagoas Park’s performance through the recent crisis is a testament to the fundamental appeal of both the location and the high-specification of the asset itself. We have a strong conviction that the right assets will continue to outperform and are confident in the future prospects of Lagoas Park and its ability to deliver attractive income growth and total return for our investors.”


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