Sixth Street invests in Quinta da Fonte

 In Asset and Fund Management, Funds, Municipal councils, News, Offices

The UK fund British Sixth Street has purchased 15 buildings at the Oeiras Quint da Fonte office park near Lisbon for €150 million.

The acquisition is said to be one if the largest property deals so far in 2021.
According to the company, Signal Capital sold the properties to Sixth Street in partnership with Acacia Point Capital for approximately €150 million.
In 2018, Signal Capital Partners acquired the first set of buildings in Quinta da Fonte. Acacia Point Capital Advisors Portugal has been managing the development since then.
With 80,000 metres of construction, Quinta da Fonte office park has a total of 22 buildings with the this transaction being for 15 of them.
The real estate asset manager, along with Signal Capital Partners, defined and implanted the acquisition, rehabilitation and repositioning strategy for Quinta da Fonte.
According to the newspaper Jornal de Negócios, Signal Capital got legal advice from pbbr in an operation led by Pedro Pinto.
Acacia Point Capital Advisors Portugal, also co-investor and partner in Sixth Street, will continue to manage the venture.
Sixth Street was accompanied in the deal by law firms Gómez-Acebo & Pombo and Ropes and Gray LLP, in addition to KPMG.
In July Signal sold the JQOne building in the former Entreposto in Lisbon to the global investment company Jamestown for around €98 million.
In February, Signal bought numbers 5-7 on Lisbon’s Avenida da República from Puaça, a subsidiary of the Angolan oil company Sonangol for around €30 million according to Iberian Property.