AM alpha repositioing Lisbon CBD office building
 
Mar 07, 2019
Category:

• Refurbishment and re-letting of Castilho 52 building in Lisbon’s Prime-CBD
• Example of AM alpha’s active asset management approach
• Iberia remains in the focus for further acquisitions

Munich, 7th March 2019 --( ASIA TODAY )-- AM alpha, a Munich based Real Estate Family Office servicing private and institutional clients, had purchased the property Rua Castilho 52 in the third quarter of 2018 with a very short WALT and is currently implementing its strategy to reposition the asset.

The office building was constructed in the early 1990s and is located in the heart of Lisbon in Rua Castilho, at the rear of the Marquês de Pombal. In total the building consists of 3,500 sqm of office space spread over nine floors. Noteworthy features of the building are a large landscaped terrace on the first floor, which is pointing towards Marquês de Pombal and 70 parking spaces on two underground floors.

Until recently Rua Castilho 52 hosted the country headquarters of Spanish insurer Mapfre, which will install its new headquarters in Miraflores. The repositioning process of the property has already begun and renovation works should be concluded in the third quarter of this year.

According to Martin Lemke, Managing Director at AM alpha, "The office building is a high quality asset with significant parking capacity and is located in the prime area of the city - ideal for corporate headquarters. It is one of the rare opportunities on the market, which is available for tenants, while containing these features. We will transform this building into a great place to work."
The acquisition and subsequent repositioning of the office building is an excellent example of AM alpha’s core+ / value-add investment strategy. The Real Estate Family Office has repeatedly proven its ability to create substantial value by accurate implementation of its active asset management measures. While AM alpha is continuously seeking similar investment opportunities throughout Europe and Asia, a strong focus will remain on major Iberian and Southern European cities.

AM alpha has appointed Cushman & Wakefield for the leasing of the office space and for the local management of Rua Castilho 52.

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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

About AM alpha
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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