Cushman & Wakefield in charge of leasing Passeio dos Clérigos

Resulting from the complete reconversion of the former Praça de Lisboa square, which for a long time was closed off to residents and suffered from severe degradation, Passeio dos Clérigos was created above the existing car parking, creating a direct connection between the two leading tourist attractions of the city: Torre dos Clérigos and Livraria Lello.

 

Designed by architect Pedro Balonas, the project occupies a gross leasable area of 3,600 m2 and has been designed for street trade, although partially covered, thereby providing maximum comfort for visitors.

 

In commercial terms, C&W believes this is a very special venture with unique features and real potential for success. A target has been set for national and international brands that are not usually found in a shopping centre, as this is not the venture's vocation.

 

Sandra Campos, partner and head of Cushman & Wakefield's retail department, said “We wanted to attract a set of retailers which could make Passeio dos Clérigos a centre of commercial interest on account of the strength of its brands.”

 

“Good ventures are those which are efficient in commercial and functional terms, in addition to enjoying good aesthetics. And Passeio dos Clérigos boasts these qualities. This is proven by the range of top class brands that have already signed up and account for an occupancy rate in excess of 90%. Stores expected to open in the summer include Diesel, Liu Jo, Max & Co, Hugo by Hugo Boss, RCC Camisas and Paez”, concludes Sandra Campos.

 

At the start of April, Passeio dos Clérigos was honoured with the National Urban Renewal award in the category Best Intervention for Commercial Use, in an acknowledgement of Urbaclérigos' efforts. The latter is the company promoting the venture in an investment exceeding 46 million euros.