AM Alpha Enters Portugal with Office Acquisition
 
Oct 04, 2018
Category:

• Latest acquisition for AM alpha’s real estate investment fund for institutional and private investors
• Successful investment in Lisbon’s CBD
• Southern Europe remains in the focus for further acquisitions

Munich, 04th October 2018 --( ASIA TODAY )-- AM alpha, a Munich based Real Estate Family Office servicing private and institutional clients, is pleased to announce that it has successfully completed the acquisition of an office building in the CBD of Lisbon, Portugal.

The building is situated in the heart of the city center of Lisbon halfway down Rua Castilho and just behind the main Marquês de Pombal Square. This prestigious area belongs to the prime CBD office market (known as Zone 1) and enjoys a good mix of office space, some of the city’s best hotels, restaurants, high street retail and luxury residential use. Rua Castilho is immediately parallel to Avenida da Liberdade, the capital’s main high street pitch which houses most of the luxury brands present in Portugal.

The property, also known as Edificio Mapfre, was built in the nineties and has since been the Portuguese headquarters of the Spanish insurance group Mapfre. It comprises approx. 3,500 sq. m of office area over nine floors and features a large garden terrace as well as approx. 70 parking units in its 2-storey underground car park. AM alpha purchased the property with a very short WALT and will subsequently seek to reposition the asset.
The acquisition is AM alpha’s first in Portugal and is in line with its strategy to acquire core and value-add properties located in the main European cities. AM alpha will continue to seek investments with repositioning opportunities all over Europe and Asia Pacific. Martin Lemke, Managing Director at AM alpha commented: "Our recent successful investment in Portugal illustrates AM alpha’s ability to execute quickly if opportunities emerge. We are very happy with this transaction that perfectly fits our strategy to identify investment opportunities with the potential of delivering enhanced returns for our investors. Within Europe, the Iberian region will continue to be a main focus for us and we will actively seek value-oriented investments across all sectors.”

AM alpha was advised by RPE and RRP Advogados. The seller was advised by JLL.

AM alpha is a Munich based privately owned real estate family office that focuses on global investments in prime real estate on its own account and on behalf of family offices, private clients and endowments in Europe and Asia. Its Asian operations are headquartered in Singapore, with offices in the gateway cities in the Asia Pacific region. AM alpha has also received all necessary licenses from German regulator BaFin acting as a German regulated capital management company (Kapitalverwaltungsgesellschaft – KVG) and Alternative Investment Fund Manager (AIFM). The real estate firm is currently managing a substantial Asia Pacific and European portfolio.

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ISSUED BY AM alpha Kapitalverwaltungsgesellschaft mbH

AM alpha Kapitalverwaltungsgesellschaft mbH
Sendlinger Strasse 7 | 80331 Munich | Germany
Tel: (+49) 89 550 6989 89, Fax: (+49) 89 550 6989 99
Martin Lemke, m.lemke@am-alpha.com

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