Sale of Republica 59 and Defensores de Chaves 45 signs a new investment in the Lisbon office market

Cushman & Wakefield and another agency advised on this sale, highlighting investor interest in sustainable and centrally located office properties.

The Lisbon office market shows again signs of dynamism, this time with the transaction of the República 59 and Defensores de Chaves 45 buildings, located in a prime area of Lisbon. The asset, owned by CCP 5 Long-Life – a fund managed by Tristan Capital Partners (advised co-exclusively Cushman & Wakefield and another agency) –, was acquired by Serris, a leading private investor.

With a total combined area of 6,226 m², the buildings are located in one of the most central and attractive areas of Lisbon, benefiting from proximity to metro and bus stations, as well as a wide range of services and amenities, such as restaurants, shops, and leisure spaces. This prime location contributes to the high demand from tenants and investors, who continue to bet on well-located properties in the Lisbon market.

Cristina Machado, Associate and Head of Office Investment at Cushman & Wakefield, adds, "This transaction is another sign of the strong interest from investors in the Lisbon office market, particularly in its CBD. The combination of location, tenant credit quality, occupancy, and ESG certification justified the high level of interest these properties generated among the investor community. It was a great satisfaction to represent the seller in this transaction, which highlights the attractiveness and dynamism of the Lisbon office market. We also congratulate the buyer on the success of this operation."