Cushman & Wakefield sells land for major city center development in Lisbon

Campo Pequeno
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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 middle class.

Contact

Filipa Mota Carmo

Filipa Carmo

Marketing Manager

Lisbon, Portugal

Phone +351 213 219 548

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