C&W and a co-agent announced the sale, in co-exclusive representation of Patron Capital and Finangeste, of the office building located at Avenida Barbosa du Bocage 85, an important crossroad of Avenida da República, in the center of Lisbon.
This building was built in the 1990s, having undergone a full rehabilitation in 2020. It comprises approximately 3,800 sq.m of GCA over 6 floors and 116 parking spaces. Since 2019, it has been fully occupied by Uber (its headquarters in Portugal) and by Park In, a company dedicated to operate the car park.
In the process C&W and a co-agent presented the opportunity to the VIP National Fund (VIP) which ended up acquiring the asset from Patron Capital.
According to David Lopes MRICS, Partner and Head of Capital Markets at Cushman & Wakefield “It was with great satisfaction that Patron Capital and Finangeste sold the Barbosa Building at Bocage 85.This transaction reflects the continuous interest from institutional investors in the Lisbon office investment and occupancy markets. We also take the opportunity to congratulate Silvip on the acquisition of a quality building in the center of Lisbon.”
Cushman & Wakefield and a co-agent sell Barbosa du Bocage 85 building in Lisbon
07/10/2022
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