Cushman & Wakefield announces the sale of the office building located at Avenida Almirante Gago Coutinho 26, an important artery in the city of Lisbon, in exclusive representation of GamaLife.
This building was erected in the late 1970s and underwent significant rehabilitation in 2015/2016. It comprises approximately 8,200 sqm of gross construction area spread over 9 floors and additionally 55 parking spaces. Since 2015, it has been fully occupied by BNP Paribas.
As part of the marketing process, C&W presented the opportunity to Fundo CAPC (a national real estate investment fund managed by Square AM) which ended up acquiring the building from GamaLife, thus successfully completing the sale process of this asset at the end of 2022.
According to David Lopes MRICS, Partner and Head of Capital Markets of Cushman & Wakefield, “It was with great satisfaction that we advised GamaLife on the sale of Gago Coutinho 26 building. At a time of relative uncertainty, this transaction reflects the continued confidence of institutional investors in the Lisbon office market.”
Cushman & Wakefield announces the sale of Gago Coutinho 26 building, in Lisbon
06/02/2023
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