AFIAA buys Tranquilidade headquarters in Lisbon

  • ECO News
  • 7 February 2022

This operation represents AFIAA's second investment in Lisbon, after acquiring the Espace & Explorer buildings in Parque das Nações.

Swiss AFIAA Investment Foundation for International Real Estate Investments acquired the Tranquilidade headquarters in Lisbon. The transaction was agreed upon with a fund from the Portuguese Lace Investment Partners.

The property, located on Avenida da Liberdade in Lisbon, is leased to Tranquilidade, which has its headquarters there. It was built in 1969 and has an area of around 9,500 square metres, spread over nine floors above ground.

It was sold by Real Added Value PN, a fund managed by Lace, to AFIAA Investment Foundation for International Real Estate Investments, based in Zurich, Switzerland, according to a statement, quoted by the PropertyEU website.

This operation represents AFIAA’s second investment in Lisbon, after acquiring the Espace & Explorer buildings in Parque das Nações.