C&W and another agent are pleased to announce the sale, on a co-exclusive basis of an affiliate of Cerberus Capital Management and FS Capital, of the office building located at Avenida José Malhoa 13 in Lisbon to the Spanish insurance company Mapfre. Situated in one of the main consolidated office areas in the city center, this building represented a unique opportunity for investors.
The José Malhoa 13 Building is fully occupied, with a gross built area of approximately 6,100 sqm spread over 10 floors above ground and offers 89 parking spaces in the basement. Although currently occupied, it will be vacated soon, thus providing flexibility for future adaptations.
C&W and the other agent were selected as consultants by the owner to promote the sale of the property and manage the entire sales process. The scale, location, and quality of the building were key factors in attracting investors’ interest.
In this transaction, legal support was provided by PLMJ (representing the seller) and CCR (representing the buyer).
According to Cristina Machado, Associate in the Investment Department of Cushman & Wakefield: "We are extremely pleased to have advised the seller on the sale of the José Malhoa 13 building. This transaction reflects the continued confidence of institutional investors in the present and future of the investment and office occupancy markets in Lisbon. We would also like to congratulate Mapfre on acquiring a high-quality building in the center of Lisbon."
