Cushman & Wakefield takes over the property management of MEAG’s portfolio in Portugal | PT

07/06/2023

MEAG Portugal

Cushman & Wakefield, a leading global real estate services firm, announces that it was recently awarded the management of the MEAG Portfolio in Portugal. Hence, the real estate consulting firm is entrusted with the management of 7 assets, located at significant points of Lisbon Metropolitan Area.

The portfolio currently entrusted to Cushman & Wakefield represents 48,000 m2 of office assets – located in Arquiparque (3 buildings), Quinta da Fonte (2 buildings) and on Avenida da Liberdade (2 buildings).

MEAG is the asset manager of Munich Re Group. With branches in Europe, Asia and North America, it also offers its extensive know-how to institutional investors and private clients from outside the company group. MEAG currently manages assets to the value of around € 307bn, € 55bn of which for non-Group investors.

For Bruno Silva, Head of Asset Services of Cushman & Wakefield in Portugal, “We are extremely proud of the trust placed in C&W by MEAG. This is the acknowledgement of our competence evidenced in the management of the most emblematic office buildings, but only the starting point. Understanding the motivations of the occupier companies, the social dynamics of their employees and the ESG repositioning to make the buildings more sustainable are differentiating elements that are determinant for the portfolio’s success. It’s excellent when a customer is aligned with this vision and an extra motivational factor for our management team”.

Volker Zinkl, Head of Asset Management International of MEAG said: “As one of the pioneering investors in Lisbon, with two decades of experience in the market, we have a deep understanding of Portugal's real estate landscape. Our permanent commitment to unlocking the full potential of the market, combined with the strength of our partnership with C&W, enables us to capture the full value of this dynamic region and deliver superior results for our clients."

Media Contact

Miguel Sena

Associate Director, Head of Marketing & Communications • Lisbon

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