The property is the Miguel Bombarda building (MB4), located on the avenue of the same name in Lisbon, bringing the total number of assets managed by the consultancy for the German-based company since 2023 to eight.
Located in one of Lisbon’s most central areas, just 200 meters from Praça do Saldanha and Avenida da República, the MB4 building has a gross area of 7,477 m², spread across 10 office floors with areas ranging from 519 to 739 m², and also includes retail spaces on the ground floor. It also offers four underground parking levels with capacity for 91 vehicles.
Cushman & Wakefield was already managing seven buildings in MEAG’s Portuguese portfolio – Liberdade 249, Skandia, Miraflores Premium (Lots 1, 3, and 5), and Quinta da Fonte (Q55 and Q57). With the addition of this building, the total managed area in this portfolio now amounts to 57,216 m².
According to Francisco Loureiro, Partner and Head of Business Space Asset Services at Cushman & Wakefield, “It is always very positive when our clients reinforce their trust in our work by expanding their asset portfolio in Portugal. This property joins a highly relevant portfolio for our department, characterized by its scale, solidity, and the ongoing transformation process in many of its assets.”
Max Lau, International Asset Manager at MEAG Munich Ergo AssetManagement GmbH, added, “We are very pleased with the competence and dedication of the local team. The professional support and deep market knowledge provided by Cushman & Wakefield have been fundamental to the successful management of our portfolio in Portugal.”
Currently, Cushman & Wakefield Portugal manages over 120 buildings, totaling more than 824,000 m², and has experienced sustained growth in recent years.
