Henderson Park acquires park in Lisbon for €421m

Henderson Park has completed the acquisition of the 1.5 million-square-foot Lagoas Park in Lisbon, Portugal, for €421 million ($499 million). The prime and well-leased portfolio boasts a high-quality and diversified tenant base, including a number of globally recognized healthcare and technology companies.

Lagoas Park is the most prominent business park in Portugal, comprising more than 1 million square feet of class A office space across 13 standalone buildings. It is centrally located in the heart of Portugal’s technology corridor Oeiras, with convenient access to Lisbon’s city center, and has more than 5,000 onsite, underground parking spaces. The park is situated just off the A5 highway, the country’s busiest commuter route linking the high-end residential area of Cascais and the city center, and is 20 minutes’ drive from Lisbon’s international airport. Lagoas Park also benefits from excellent connectivity via Lisbon’s bus and Metro networks and two above gr