ENDUTEX BUYS OFFICE BUILDING “THE TOWER” FOR €7M

ENDUTEX BUYS OFFICE BUILDING “THE TOWER” FOR €7M

The building has 6,400m² (500m² per floor) with offices spread for 13 floors, in a total of 15,326m² of gross floor area.  Is near to Oeiras Parque shopping center and with a car park covered for 266 vehicles.

Eduardo Fonseca, director of Investment Department – Development at Aguirre Newman, who followed the trade, says that «we have been protecting and advising investors to look closely to the need of developing office buildings, given the supply shortage in some parts of the city, as well as new and differentiator assets. Endutex, with its strategic vision, saw the potential of the building The Tower, managing to place high quality offices on the market, with unique areas and characteristics, that make it stand out from the remaining offer».

André Ferreira, director at the group Endutex, refers that «when the building was presented to us we realized this was a unique piece. With an excellent view, a remarkable architecture and a prime location, we consider its an obvious destination for everyone looking for an office. We also believe that adding the services we thought for this place, as a result of our experience with District Offices and Lifestyle, we will be able to make this building the best choice in the area».

The construction is stopped for 4 years but shall be finished this year.

The textile group should open 3 new hotels in Lisbon and two in Brazil for the next 2 years. 

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