Savills accompanied Millennium bcp in the sale of the participation held on this building, located in Parque das Nações, in Lisbon. The asset has a total of 37,000 sqm of offices under construction, and is expected to be completed by the end of 2022.
Paulo Silva, Head of Country at Savills Portugal, comments that «we are very pleased to have advised our client, Millennium bcp, to sell this strategic asset that is located in an enviable area of Lisbon. When completed, the new Multiusos Oriente campus will be an important landmark for the local urban area, both at the community and business levels».
This is Orion's first investment in Portugal. Gauthier Renaud, director of Orion Capital Managers, points out that «our interest in investing was supported by strong long-term investment fundamentals and an immediate shortage of modern office spaces in Lisbon. This acquisition represents a unique offer to create a new campus in the style of a horizontal building, with generous and desirable outdoor spaces».
Headquartered in London, Orion Capital Managers LLP is a European private company focused on the real estate sector founded in 1999, which focuses on investment in countries such as the United Kingdom, Spain, Italy or France.