MERLIN Properties SOCIMI, S.A. acquired Art and Torre Fernando Magalhães (TFM ) office buildings in Lisbon from an an international institutional investor for approximately €110 million.
January 17, 2019
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MERLIN Properties SOCIMI, S.A. (BME:MRL) acquired Art and Torre Fernando Magalhães (TFM ) office buildings in Lisbon from an an international institutional investor for approximately €110 million on January 18, 2019. António Camilo-Alves of Cushman & Wakefield acted as real estate broker to an international institutional investor in the transaction. Jorge Salvador Gonçalves, Miguel Menezes da Silva and Tânia Gomes of Garrigues acted as legal advisors to Merlin Properties SOCIMI, S.A.
Ernst & Young acted as financial advisor to MERLIN Properties SOCIMI.
MERLIN Properties SOCIMI, S.A. (BME:MRL) completed the acquisition of Art and Torre Fernando Magalhães (TFM ) office buildings in Lisbon from an international institutional investor on January 18, 2019.
Merlin Properties SOCIMI, S.A. is a listed Real Estate Investment Trust (REIT). The Company acquires, actively manages, invests and selectively rotates commercial real estate assets in Spain and Portugal.
Rental income breaks down by type of asset between offices (53.6%), shopping centers (26.4%), logistics sites (16.9%) and other (3.1%).
In 2023, the asset portfolio of Merlin Properties SOCIMI, S.A. was worth EUR 11.3 billion and generated EUR 475.6 million of rental income.
The company aims to remunerate the shareholders through a combination of annual dividend distribution and value enhancement of the EPRA NAV of the Company.
MERLIN Properties SOCIMI, S.A. acquired Art and Torre Fernando Magalhães (TFM ) office buildings in Lisbon from an an international institutional investor for approximately €110 million.