Sixth Street and Acacia Point partner on the acquisition of 15 buildings within the Quinta da Fonte Office Park in Western Lisbon
Lisbon, Portugal – Sixth Street, a leading global investment firm, in partnership with Acacia Point Capital Advisors, a European-focused real estate asset manager, has completed the purchase of 15 buildings within the Quinta da Fonte Office Park (QDF) in Lisbon’s Western Corridor from Signal Capital. Financial terms were not disclosed.
QDF is located 15km west of central Lisbon, strategically positioned between Lisbon and Cascais, at the heart of the capital’s working professional residential neighbourhoods. The office park comprises 80,000 sqm and is a favoured business address for occupiers that are global leaders in biotech, medical diagnostics, pharmaceutical, engineering, financial services and technology. It offers employees a short commute and a convenient and attractive landscaped business park environment with an array of restaurants, cafes, pharmacy, Holmes Place gym, newspaper agency and post office.
Sixth Street worked closely with Acacia Point on the transaction, and Acacia Point will continue as operational asset manager of the properties, as it has been since 2018. Sixth Street’s London-based European real estate team partners with property managers and institutional investors to acquire, finance, and provide servicing expertise across the global real estate sector.
Advisors to Sixth Street on the acquisition included Gómez-Acebo & Pombo, Ropes & Gray LLP, and KPMG.
About Sixth Street
Sixth Street is a global investment firm with over $50 billion in assets under management and committed capital. Sixth Street uses its long-term flexible capital, data-enabled capabilities, and cross-platform team approach to develop themes and offer solutions for companies across all stages of growth. Founded in 2009, Sixth Street has more than 320 team members including over 145 investment professionals operating from nine locations around the world.
About Acacia Point
Acacia Point is an independent European-focused real estate asset management company with offices in Lisbon, London, and Munich. Since establishment, Acacia Point has transacted more than €1bn of real estate, typically co-investing alongside its institutional capital partners.