CBRE, the world's leading real estate consultant, together with Altamira Asset Management, have advised on the sale of Malhoa 22, in Lisbon.
Designed by award-winning Portuguese architect Mario Sua Kay, Malhoa 22 is located next to Praça de Espanha, in the heart of Lisbon. It benefits from a vast transportation network, and is close to the metro station and several bus stops. Avenida José Malhoa is a consolidated office area, mainly for the financial sector having also become a relevant area for hotels.
The asset comprises twelve floors with six additional underground floors, offering 130 parking spaces, a multi-purpse auditorium, a café, vaults and storage space. This modern building has a total gross lettable area of 7.200 sq m, technical flooring and false ceiling.
"Malhoa 22 is a landmark in Lisbon, particularly for its unique architectural features which makes it a reference in the market. The asset offers a unique opportunity for companies that are looking for modern space in a prime location. This avenue is increasingly becoming a reference in the office market, recovering the important role it played in the 90’s."
Nuno Nunes, Head of Capital Markets at CBRE
Vítor Pacheco, Head of Real Estatean Altamira, adds “This transaction allowed Altamira to achieve three strategic objectives: a) consolidate its position in structured sales management within the servicing sector; b) optimise and maximise the property sales value for its clients; c) broaden its knowledge of the real estate market, by choosing the right partner to render advise on this office transaction, in an area that attracts investors recognising the potential of Avenida José Malhoa".