Real I.S. AG has acquired the office property K-Tower in Lisbon for its open-ended retail property investment fund REALISINVEST EUROPA.
Seller is the family-owned developer KREST Real Estate Investments. The parties have agreed not to disclose the price of the deal.
The K-Tower is located at Av. Aquilino Ribeiro Machado 8-8E in Portugal’s capital. The 14-story building with a total area of about 15,000 square meters (1.6 million square feet) offers office space, terraces and facilities like showers and changing rooms. There are 157 car and bike parking spaces. Almost 50 percent of the car parking spaces are equipped with electrical chargers. The anchor tenant is Critical TechWorks, a joint venture of BMW Group and Critical Software. The K-Tower complex is about to be awarded the BRREAM Excellent certification and was nominated as a finalist for the 2024 National Real Estate Award in Portugal in the Office and Efficiency & Sustainability categories.
