Cushman & Wakefield sells building 204 in Av. 5 de Outubro

Cushman & Wakefield sells building 204 in Av. 5 de Outubro
Avenida 5 de Outubro, 204 - building acquired by C&W

With a gross construction area above ground of approximately 2,350 sqm, spread over 12 floors, the building will be rehabilitated. It also includes two basement floors with 18 parking spaces, which is currently partially occupied with offices and commerce.

Acting on behalf of the seller, whose identity has not been disclosed, Cushman & Wakefield only says that the new owner is a national developer that is not very active in Lisbon, «but with a lot of desire to develop residential projects, especially in Avenidas Novas».

«We are very proud to have proactively contributed to the realization of yet another business in Lisbon and to the transformation of Avenidas Novas. Completed in the 80s, this is an extremely flexible and versatile building on one of the best avenues in the city and in an area that is becoming the new center of modern and dynamic Lisbon, where everyone will want to work and live.», concludes Ana Gomes , Partner and Director of Development & Living at Cushman & Wakefield.

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