Square AM buys Regus offices at Quinta do Lago for €2M

The fund Property Core, managed by Square AM, has bought the new Regus office centre in the Algarve for €2 million.

This is a 1000m2 office centre integrated at Quinta do Lago in Almancil (Loulé) which is completely occupied by Regus. The deal was concluded at the end of 2020.
The company inaugurated the flexible and shared office centre in the summer of 2020 which marked the arrival of the IWG group in the South region of the country.
The business deal was overseen by the team from Provate Wealth which is part of JLL’s department of Capital Markets.
This area is dedicated supporting private investor assets in commercial real estate investment.
According to JLL, “The dynamic of the team that supports these investors reflects the growing importance of this profile in the national market, accompanying around 25 operations of a total of €55 million transacted from this type of investors, of which 70% represent Portuguese capital.”
Fernando Ferreira, Head of Capital Markets at JLL Portugal predicts that “private investors”such as family offices and private individuals will become increasingly more active in real estate investment”.
From the buyer’s point of view, real estate is an alternative investment class to the financial sectors which traditionally absorbed most of their attention, because property is a safe way of diversifying and complementing their investments and increasing the profitability of own capital.”
On the other hand, “From the seller’s perspective, it is a way of rotating portfolios or also because they believe that now is the time to sell off a specific asset. With these types of investors, normally the transactions involve tickets of between €1 million to 10 million with long lease contracts and dependable tenants, a profile which this office asset in the Algarve is the perfect example,” says Fernando Ferreira, Head of Capital Markets at JLL.