Värde Partners acquired Impolis - Sociedade Gestora de Fundos de Investimento Imobiliário, a Portuguese regulated real estate asset manager. Financial terms were not disclosed. Värde plans to use the platform to invest in Portugal and build its position in the local real estate market. Rental growth combined with low vacancy rates and a shortage of supply, especially for quality office space, has led to a supply-demand imbalance in the Lisbon office space market and contributed to a favorable investment environment. The acquired real estate portfolio includes business parks, office space and commercial land plot assets in greater Lisbon, and has a gross asset value of €186.6m.