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BPI Leases Monumental from Merlin Properties

25 May 2020 – The Spanish bank BPI announced that it would lease all 17,000 square metres of office space in the Monumental office building in Lisbon. The property’s current owner, Merlin Properties, acquired the asset in 2016 from Lone Star in a deal worth 60 million euros.

The building, located in Saldanha, Lisbon, is expected to reopen by the end of this year. In addition to the offices, there will be one or two shops and two small cinemas, along with five underground floors for parking.

Original Story: Jornal de Negócios – Rui Neves

Translation/Summary: Richard D. Turner