Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Novo Banco Headquarters - Trophy Asset sold for €112 million

Our Portuguese Capital Markets team, led by David Lopes, has advised Portuguese bank Novo Banco on the sale of its former Lisbon headquarters to Merlin Properties for €112.2 million. The new headquarters of the bank will be in a new development in Campus Tagus Park in Oeiras. 

The asset on Avenida da Liberdade, in the heart of Lisbon, totals 15,500 sq m (166,800 sq ft). The vast number of opportunities presented by this asset mobilised hundreds of interested investors and we ultimately received more than 30 non-binding offers, totalling around €3,000 million in proposals – equivalent to the average investment volume in commercial in Portugal in one good year.  

The bids came from a wide array of national and international investors, with multiple risk / return profiles and different intended uses: offices, hotel and residential. 

David Lopes, Head of Capital Markets, said: “This is the type of transaction that will go down in the history of Portuguese real estate for the uniqueness of the building, plurality of possible uses, interest from investors and capital mobilized.” 

Media Contact

Miguel Sena
Miguel Sena

Associate Director, Head of Marketing & Communications • Lisbon

Recent News

Jean Monnet
Cushman & Wakefield and Worx are responsible for the commercialization of 4,000 sq.m in Jean Monnet Building 1

The building is currently used as the headquarters of the European Parliament and the European Commission in the Portuguese capital.

Miguel Sena • 08/05/2024

Baltico, Lisbon, Portugal
Cushman & Wakefield mandated for the commercialization of the Báltico Building

Cushman & Wakefield (C&W) has been selected to commercialize the Báltico building located in Parque das Nações, Lisbon. 

Miguel Sena • 06/05/2024

Zeeman store
Cushman & Wakefield supports Zeeman’s arrival in Póvoa de Varzim

Cushman & Wakefield, a global real estate services firm, supported Zeeman’s arrival in Póvoa de Varzim - the fourth store of the Dutch chain specializing in basic and quality clothing and textile products at the lowest prices.



Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.

Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All