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.
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."
