Floene is the first tenant of Merlin Properties' Tower A

Floene is the first tenant of Merlin Properties' Tower A
Lisbon Towers - office complex.

CBRE Portugal advised Merlin Properties, owner of the Torre A building in the Lisbon towers, on the lease of two and a half floors of Floene.

Floene is responsible for managing the largest gas distribution network in Portugal. The group operates in 106 municipalities from the north to the south of the country through the direct participation and management of 9 Distribution Network Operators (DSOs): Beiragás, Dianagás, Duriensegás, Lisboagás, Lusitaniagás, Medigás, Paxgás, Setgás and Tagusgás.

The energy distributor will occupy the 14th and 15th floors, as well as part of the 13th, covering an area of more than 2,400 square meters. Tower A is currently undergoing an in-depth refurbishment process that will provide it with various amenities and reinforce the sustainability credentials it already has. The work is expected to be completed in stages, with delivery of these fractions at the end of the second quarter and full completion scheduled for the end of 2024.

In the words of André Almada, Senior Director Offices at CBRE Portugal, "it is with great enthusiasm that we are supporting such an important client as Merlin Properties in leasing the second floors of the new Tower A. We are sure that with his expertise, this owner will make this building an attractive option for any company wishing to expand its activity in Portugal in an area that stands out for its excellent access and proximity to the airport".

João Cristina, Director of Merlin Properties in Portugal, is pleased to see companies with the reputation and size of Floene take Torre A as their new home. It is also a strong indication that the market is still buoyant and further proof that investments made in good building refurbishment continue to be very well received by the market.

For Gabriel Sousa, CEO of Floene, "Floene's new offices are an important step in our evolution as an organization focused on decarbonizing the national energy system through the development and distribution of renewable gases. We believe that the new facilities will provide a new face-to-face working experience, stimulating the involvement of our teams in a more modern environment that is suited to the characteristics and demands of the new collaboration models".

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