Cushman & Wakefield has sold a unique piece of land in one of the
best mixed-use locations in Lisbon, with the potential of becoming one of the most
relevant flagship projects in the city.
The 21,450 sqm Campo Pequeno site was sold with fully approved permits for
the construction of 39,000m² above ground, most of which residential.
Cushman & Wakefield acted on behalf of the seller, a closed fund that
managed the property for a local family. The site was acquired by Roundhill
Capital / TPG.
For Ana Gomes, associate and Head of Urban Development at Cushman &
Wakefield in Portugal, "this is a very rare large-scale development opportunity,
allowing the immediate execution of a new project in an increasingly strategic
area of central Lisbon. Most of the regeneration of existing buildings that has
taken place in the last 3 years has catered to the premium / luxury residential
segment, and this development project comes at just about the right time to
address the significant demand of high quality apartments for the Portuguese