Henderson Park has completed the acquisition of the 1.5 million ft² Lagoas Park in Lisbon, Portugal for €421m. The prime and well-let portfolio boasts a high quality and diversified tenant base including a number of globally recognized healthcare and technology companies. The transaction offers an attractive current yield and long-term rental growth potential on the back of robust demand for space among current and prospective occupiers.
Lagoas Park is the most prominent business park in Portugal, comprising Class A office space across 13 standalone buildings. It is centrally located in the heart of Portugal’s technology corridor Oeiras, with convenient access to Lisbon’s city centre, 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 also benefits from excellent connectivity via Lisbon’s bus and Metro networks and two above-ground rail lines.
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