On behalf of an international investor, Cushman & Wakefield has successfully concluded the sale of the “Office Oriente” building, located in Parque das Nações, Lisbon. Generali Real Estate, acting on behalf of Fundo Generali Europe Income Holding (GEIH), was the buyer.
Centrally located on the former Expo 98 site, the Office Oriente building consists of 8 floors above ground, has a total area of 9,200 sq.m and is fully leased to leading companies.
In a privileged location by the eastern riverside area of Lisbon, Parque das Nações is one of the most modern office areas of the Portuguese capital and one of the most sought after to host the headquarters of major international companies. This zone also includes residential areas, hotels and retail, and is served by ample. green and leisure areas and an excellent road and public transport network.
According to Paulo Sarmento, Partner and Head of Capital Markets of C&W, “the significant interest and competitive tension created in the international investment community by the sale of this building, generating a record price per sqm for Parque das Nações, is yet another clear sign of Portugal’s great visibility as a destination for real estate investment, based on a robust office demand by international occupiers of great prestige.”