CBRE, the world’s leading real estate consultant, was one of those responsible for the transaction in Edifício Malhoa 14. This asset was sold to FS Capital by Profile S.G.F.I.I, a real estate investment manager, jointly represented by CBRE and Altamira Asset Management.
Edifício Malhoa 14 is located on Avenida José Malhoa, close to Praça de Espanha, in an area where it is possible to find banks, local shops or even supermarkets, a reference point both in the financial sector and in the hotel industry.
With excellent access to the main axes of the city, this area has a good transport network, being located between the metro station of Praça de Espanha and one of the main transport hubs – Sete Rios.
This building has more than 4,300 m² of offices and 97 parking spaces and will undergo a remodelling so that it becomes a more current and referential space in the area, in order to respond to the growing interest in this area by companies national and especially multinational. This intervention is a good example of how the real estate market is reinventing itself, taking advantage of the new direction that the office market is taking.
Nuno Nunes, Director of Capital Markets at CBRE, states that “The areas of Sete Rios and Praça de Espanha are paradigmatic examples of the popularity that areas outside the CBD are receiving with the joint creation of new offices, restaurants and services together with an integrated program of intervention by the chamber in the substantial improvement of public spaces ”.
João Ribeiro, Altamira’s Real Estate Singular Coordinator, emphasizes that the building’s characteristics and its potential for requalification will enhance a future reference real estate product in the area in which it operates, reinforcing the appetite for public and private investments in this area.