BNP Paribas buys Pier III office building in Lisbon

BNP Paribas buys Pier III office building in Lisbon

BNP Paribas REIM has acquired the Pier III office building, which houses Accenture's new headquarters in Portugal.

The building comprises a total of 4,500 square metres and offers 101 parking spaces. With a design by architect - Carrilho da Graça, Periptero created a "state-of-the-art" building that is one of the most emblematic of the Lisbon waterfront.

CBRE advised Períptero - Empreendimentos Imobiliário in the sale of the building, involving several business lines with an integrated 360-degree approach. In this transaction, Morais Leitão legally represented the seller and Garrigues represented the buyer.

The Pier III office building is "one of the most modern in the market, due to its technical characteristics, LEED Gold certification, among other aspects that are totally in line with the current needs of users, in terms of technology and well-being", reads a statement.

"The Pier III building was the target of a fully integrated consultancy from us, with about 25 CBRE employees involved in different cycles of the building, namely, having participated in the lease to Accenture, in the Design and Project Management fit-out, in the environmental certification and in the building management. Now, at the time of sale, it is once again proven that even in a context of some uncertainty, there is no reluctance by investors to acquire iconic buildings in prime locations," said José Hermozilha, Head of Investment Properties CBRE.

Gonzalo Bueno, Head of BNP Paribas REIM Iberia, states that "this acquisition reinforces our portfolio and fits perfectly in our strategy, adding a modern asset, fully occupied and leased, and located in one of the most privileged areas of Lisbon. The LEED Gold certification obtained in Pier III, demonstrates a high standard of quality and a comprehensive ESG approach, fundamental for our tenants, investors and more generally for all our stakeholders".

José António Fernandes, Director at Periptero - Empreendimentos Imobiliário, refers that "the Pier III project represents an important milestone in the growth of this Lisbon area - an underdeveloped area of the city, previously occupied by logistics and industrial buildings", adding that "the interior fit-out, developed in collaboration with CBRE and customized for Accenture (occupant of the entire office area), seeks to offer a technologically modern space capable of responding to new work philosophies".

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