30 December 2020
Finangeste has inaugurated a new office building on Rua Castilho in Lisbon, known as Castilho 50. The building underwent a significant renovation, with work on the façade, basements, common areas, and office floors.
The building has ten floors of office, with 7,425 m2 of above ground constructed area. The building also boasts a retail gallery on the ground floor and 92 parking spaces.
In a statement, Paul Henri Schelfhout, Finangeste’s director, stated that “The urban rehabilitation works of an office building with these characteristics and in this location are a way to respond to the current levels of demand in the Lisbon office market and, above all, provides a message of hope during the current situation… We continue to actively invest in assets in the cities of Lisbon and Porto, and this new development is a further step in this direction.
Finangeste is currently finalising another building in Lisbon’s historic centre and is about to complete a new mixed-use development with housing, offices and commerce in Oeiras. The company is investing a total of about 500 million euros in Portugal.
Original Story: Idealista
Translation: Richard Turner