Private Investors Purchase Office Building near Cais do Sodré

The property, covering 4,020 sq.m, is situated at one of the busiest corners along the riverside area of the capital and is fully occupied. 

The riverside area near Cais do Sodré in Lisbon continues to be a preferred destination for real estate investment. Recently, a new transaction took place with private investors acquiring the office building known as Corpo Santo 13. The investors were represented by another agent. 

The sale of the property was facilitated by Cushman & Wakefield, acting as advisors to the selling party. 

Formerly the headquarters of Companhia de Seguros Fidelidade (an insurance company), this iconic building stands prominently at one of the bustling corners of the Cais do Sodré axis, right in Largo do Corpo Santo. Notably, it boasts visibility from three street fronts. Currently, the building houses the Court of Appeals. 

Another key feature of the recently transacted building is its prime location. It is close to metro, train, and boat transportation hubs, making it highly attractive for work, living, leisure, and tourism. The neighborhood has seen growth and improvement in hotel offerings, retail, and services. 

Cristina Machado, Head of Office Investment at Cushman & Wakefield, expressed her pleasure in assisting the seller during this transaction. She emphasized the ongoing interest from investors in well-located office buildings with quality tenants, which also have the flexibility to potentially be repurposed for other uses.