New UK-headquartered real estate investment firm Jackyl has purchased a prime city-centre building in Lisbon from a local Portuguese family.
Financial details were not disclosed.
The deal for the asset on Praça Rossio was executed on behalf of an international investor which Jackyl advises.
'We are thrilled that this building, located in one of the most exciting markets in Europe, is our first acquisition since launching Jackyl this year,' said Blake Loveless, founder of Jackyl.
'It is in line with our strategy of acquiring unique, well-located, and significant buildings that benefit from high footfall and a dominant presence in key cities across Europe.'
Praça D. Pedro IV (Rossio) 96-122 occupies an entire city block, backing on to Praça de Figueira and adjacent to Rua Augusta and Chiado. According to Jackyl, the building benefits from the highest footfall in the city. The property comprises over 12,000 m2 of space.
Jackyl was advised by PLMJ for legal, Ernst & Young for financial, tax, and structuring, and Mario Sua Kay and Jorge Zapata for technical due diligence.
Mabel Capital, with Sergio Garcia, also played a role in the transaction.
Jackyl was launched in 2018 by former Meyer Bergman executive Loveless. Whilst based in London, it has offices in Madrid.
Jackyl and Mabel Capital, an investment advisory firm, have a strategic partnership for acquisitions across Europe and the Americas.
