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offices Market News: Spanish Real Estate Intelligence

Farfetch Moves Operations to Boavista Office Centre
31 May 2019Richard D. K. Turner Farfetch, an online luxury fashion retail platform that sells products from over 700 boutiques and brands from around the world, announced that it had moved about 500 employees from its previous offices at the Lionesa business centre to the Boavista Office Center, in ​​Porto. The company took over 8,500 square meters of offices in the newly renovated Boavista Office Centre. The move, however, is seen as a temporary measure, as Farfetch is seeking to centralise its operations at new site in Matosinhos. JLL provided consulting services for the deal to Farfetch, and Cushman & Wakefield worked with the owner of the property, Atitlan Real Estate. Though no details of the operation were disclosed, rentals in the building are thought to cost 14.75 euros/m2/month. Original Story: Idealista Photo: JLL / C&W
 
Bank of Portugal Acquired Land in Alto dos Moinhos Last Year for its New Headquarters
13 May 2019Richard D. K. Turner Portugal’s central bank, the Bank of Portugal (BdP) acquired land last year the construction of a new office building for  37 million euros. Including basic infrastructure works, that amount would increase to €42.018 million. The public tender for the project, however, has yet to proceed and officials are openly considering other alternatives. The BdP had been planning on centralising operations currently spread out over four properties in the new building in Alto dos Moinhos. Original Story: Jornal Econômico - Ânia Ataíde
 
Estamo to Sell 42,000 M2 Plot of Land in Lisbon
9 May 2019Richard D. K. Turner According to an article in Economia Online, Estamo, Portugal’s state-owned property company, has placed a plot of land in Olivais, in northern Lisbon, on sale for 34.9 million euros. Almost half (29,000 m2) of the larger area is slated for parks and green spaces, with a mixed-use development on the rest comprising residences, offices and facilities on the remaining 42,000 square meters. Plans for the site consist in the construction of three buildings, including a 30-floor, 135-meter tower with 550 parking spaces. The other two buildings would have five and two floors, respectively, with an additional 460 parking spots. Original Story: Economia Online