As a result of its involvement with key market players and in-depth knowledge of the market and its opportunities, CBRE, a leading real estate consultant, advised Signal Capital (UK), represented locally by Square Asset Management (PT), in acquisition of the office building at Rua D. Luís I, nº5, in Lisbon. The building was owned by the French prosecutor, WLA Properties.
Located on the city’s waterfront, one hundred meters from Dom Luís garden, the building currently has an area of about 5,500 square meters above ground level and three basements with 120 parking spaces. This transaction contributes to the consolidation of this area of Lisbon as one of the most active and attractive in the city, where a strong tourist activity is naturally combined with state-of-the-art offices. A sign of this strong real estate activity are the new residential and office projects that are currently under development and construction. Offering a variety of amenities, the location of the building will allow tenants to enjoy some of the most trendy leisure spaces that have emerged in this area in recent years. With good access, given the proximity to Cais do Sodré metro, train, bus and boat stations, this is a prime location in the city of Lisbon.
Miguel Paiva Couceiro, Development Director of CBRE notes that “advising on this transaction reflects our positioning with clients, as we are present from the identification/presentation phase of the business and its completion, but also in the phases following such an acquisition. In other words, in this process we will also be assisting our client in managing the building rehabilitation project and identifying future occupants. We are the “starting point” of projects that unite investors with the right clients to together realize our priority which is the rehabilitation and dynamization of the city of Lisbon ”.
Square Asset Management has sixteen years of operation, being one of the largest independent Real Estate Fund Management Companies in Portugal.