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Cushman & Wakefield Appointed as Property Manager of Pramerica Real Estate Investors’ Quinta Da Fonte Office Buildings Portfolio

C&W Portugal has been appointed as property manager of 9 office buildings totalling 31,000 sqm at the Quinta da Fonte office park, near Lisbon. The buildings are owned by an IVG fund, managed by Pramerica Real Estate Investors (Pramerica).

The team involved in the pitch was led by Bruno Silva, associate and head of property management. C&W Portugal manages a number of other office and retail buildings for both IVG and Pramerica and this latest win is a vote of confidence in the team’s capabilities.

Quinta da Fonte was the first office park in Greater Lisbon and C&W has a very long history with this development, with Eric van Leuven (country head) having been involved since inception of the scheme, in the early 1990s.

For many years C&W were sole leasing agents and successfully concluded negotiations with the likes of Procter & Gamble, Bristol Meyers Squibb, Merck, General Motors, Ericsson, GE, Hewlett Packard, Holmes Place Health Clubs, among many others. C&W also sold many of the completed buildings to local and international funds. The office agency team was appointed last year to assist Pramerica in the lease renegotiations with tenants and also to market all the available office spaces.

The Lisbon property and asset management team now has 40 office buildings and 6 shopping centres under management, totalling over 340,000 sqm, and producing annual rental revenue in excess of 45 million Euros.