Cushman & Wakefield announces the sale of Gago Coutinho 26 building, in Lisbon
This building was erected in the late 1970s and underwent significant rehabilitation in 2015/2016. It comprises approximately 8,200 sqm of gross construction area spread over 9 floors and additionally 55 parking spaces. Since 2015, it has been fully occupied by BNP Paribas.
As part of the marketing process, C&W presented the opportunity to Fundo CAPC (a national real estate investment fund managed by Square AM) which ended up acquiring the building from GamaLife, thus successfully completing the sale process of this asset at the end of 2022.
According to David Lopes MRICS, Partner and Head of Capital Markets of Cushman & Wakefield, “It was with great satisfaction that we advised GamaLife on the sale of Gago Coutinho 26 building. At a time of relative uncertainty, this transaction reflects the continued confidence of institutional investors in the Lisbon office market.”
Cushman & Wakefield transacted an industrial/logistics asset in Porto. The property was part of the AF Portfólio Imobiliário Fund, managed by Interfundos.
Cushman & Wakefield concluded another industrial and logistics operation, with the sale of an industrial/logistics unit with a total area of 1,800 sq.m, owned by Fundo AF Portfólio Imobiliário and managed by Interfundos, located in Maia (Porto).
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