Acacia Point Capital Opens Lisbon Office
Acacia Point Capital announces the opening of an office in Lisbon on Avenida da Liberdade. This follows the recent acquisition of 28 properties at Costa da Caparica and advancement of several acquisitions being analysed in the office, retail, logistics and hotel sectors.
Luis Rocha Antunes has joined as Partner and Managing Director of Acacia Point Capital’s Portuguese business. Luis joins from Cushman & Wakefield, where he led the Capital Markets team for the last 18 years. Luis is one of Portugal’s most highly regarded real estate veterans and has advised on many of the country’s most significant real estate investment transactions totalling more than €4 billion, including offices, retail, logistics and development projects. Luis served on Cushman & Wakefield’s Portuguese Management Board and had operational responsibilities for Capital Markets and oversight of Asset Management, Project Management and Agency.
Luis Rocha Antunes said “I am delighted to be joining Acacia Point Capital to establish its Portuguese presence. It has been my longstanding ambition to move into the Investment and Asset Management space, where there is currently great opportunity in Portugal. Many international investors pursuing acquisitions in Portugal are seeking a reliable and experienced local operating partner. My deep knowledge of the Portuguese real estate market and its opportunities, together with Acacia Point’s European Investment and Asset Management experience, make for a great Portuguese platform to partner incoming investors. The long-awaited deleveraging within the Portuguese banking sector is now accelerating and insurance institutions and other corporates are progressively cleaning their balance sheets via the sale of non-core property. Therefore 2018-2019 will see an extensive wave of new investment opportunities that we can capitalise upon to suit core to opportunistic capital across all sectors: office, retail, logistics, hospitality and urban rehabilitation”
Matthew Walker, Managing Director of Acacia Point Capital said “It is great to be partnering with Luis again, after our many prior years of working together, dating back almost two decades. Luis brings a wealth of experience to the team with his unrivalled knowledge of the Portuguese property market. Our focus will be on delivering largely ‘off-market’ investment opportunities to our capital partners and driving strong financial performance through innovation, intense focus and local expertise to overcome the operational challenges encountered in Portugal. The Lisbon office market offers great opportunity due to the demand/supply imbalance. We see logistics development opportunities given the outdated nature of current stock. On the retail side, Portugal has some of the finest designed shopping centres in Europe and a burgeoning high street retail market in Lisbon and Porto. There are also several hotel investment opportunities as the banks progressively exit their NPL positions within the hospitality sector.”