There are new investments in the Green Park building, in Lisbon. The Corum Eurion fund, managed by the French manager Corum, sealed the purchase of a fraction of offices in this building located in Laranjeiras for 6.5 million euros. And it has already leased the space to UNICRE, which is going to install its new headquarters there.

The deal was closed with the Iberian Fund, the former owner of the space, and it is an investment that is “another reinforcement” of Corum’s bet in Portugal, said José Gavino, director of the French manager, quoted in a statement.

All the office space acquired was the target of a “deep rehabilitation”, both in terms of architecture and technical installations. And the goal was just one: to make the spaces wider and more adequate and adapted to coworking. The space will be occupied by 200 UNICRE employees this year and the lease will extend for 5 years and 6 months.

This is one more investment than Corum Sela in Portugal. The French manager has already invested more than 70 million euros in national territory, especially with its other two funds Corum XIL and Corum Origin, which hold a total of 12 properties. As for the Corum Eurion fund, specifically, this is really its first acquisition in the country. This year, Corum XL purchased the Nobre Logistics Center, located in Rio Maior.

In Corum’s sights are now new investment opportunities which have good profitability. “We believe that the country will recover from the effects of the pandemic and we are very attentive to new investment opportunities”, said José Gavino. And he adds that the basis of Corum Portugal’s strategy is to “offer our customers an important geographic and sectorial diversification” and, for that, they seek to invest in countries whose “economy shows signs of vitality” and where the buildings are leased to “financially robust companies”.

remember that corum funds they only invest in commercial real estate and are responsible for its management and leasing. Today, there are more than 180 properties which Corum holds through its funds. These assets are spread across 17 European countries and Canada and are being leased to more than 300 companies.