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Investment & Funds

Vision Offices

Vision Offices is invested in a portfolio of office buildings in some of the best locations in Lisbon. The fund is one of the best performing funds in Portugal. In 2014 the fund has been extended for 5 years until October 2019.

Summary

 Fund type   Closed end
 Inception date   18 October 1999 
 Duration: inicial+ extension option (years)¹   10+ up to 5 
 Total invested equity (EUR m)   140 
 GAV at Dec 2016 (EUR m)   79.1
 Leverage at Dec 2016 (Debt/GAV)   16.4%
 Risk Profile   Value Add
 Total Gross Lettable Area (m²)   38,421
 Vacancy rate at Dec 2016   23.31% 

Note1: Regarding the fund's maturity, most investors approved the extension for an extra 5 years until 2019.