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  • Transaction / Assets
    Office Building at 25 Malhoa Purchased by International Investor
  • Seller
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  • Buyer
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  • € MM
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Lisbon: Office Building at 25 Malhoa Purchased by International Investor

8 March 2018

The building located at 25 Avenida José Malhoa, between Sete Rios and the Praça de Espanha in Lisbon, was purchased by an international institutional investor. The investor was represented in Portugal by FS Capital. With an area of 8,081 square meters, the office building has the EDP group as its principal tenant.

According to Fernando Ferreira, Head of Capital Markets for the consulting firm JLL, who represented Square Asset Management in the transaction, the Portuguese commercial real estate market demonstrated “all its versatility and comprehensiveness” with this transaction. The amount of the deal was not disclosed.

“Today, the activity is not limited to the areas of Lisbon’s Central Business District (CBD), and there is interest in areas which had previously been considered less prime when there is a new product available for investment. That has contributed to a compression in yields, supported by a healthy office occupancy market,” the executive said in a statement.

Original Story: Diário Imobiliário

Translation: Richard Turner