Private equity real estate firm Henderson Park has paid €421 million for the Lagoas Park innovation and technology hub in Lisbon, Portugal.
European private equity fund Kildare Partners bought the asset from construction firm Teixeira Duarte in 2018 paying €375 million.
Lagoas Park has more than 1 million sq ft (92,903 sq m) of Class A office space across 13 standalone buildings and is located in Portugal’s technology corridor Oeiras.
Occupiers include Google, BMW, SAP, Johnson&Johnson, Sanofi, Oracle, Cisco, Volvo, Nike and BP.
The 30 hectare park, which hasand has over 5,000 underground parking spaces, also includes a four-star business hotel, a health club, childcare facilities and 12 restaurants.
Nick Weber, founding partner of Henderson Park, commented: “Lisbon has a growing position as a European business centre, attracting marquee international companies, across growth industries like technology and healthcare, and offering a high quality of life for employees.”
London-based Henderson Park works across Europe and has a portfolio of almost 1.6 million sq m including office, logistics, multifamily, student housing, hotel and retail space.