CBRE has been selected as the exclusive property advisor to sell a portfolio of prime office buildings, totaling more than 40,000 m² in Lisbon by Energias de Portugal (EDP), one of the largest energy operators in the Iberian Peninsula and Portugal's largest industrial group.
The sale represents the opportunity to acquire some of the most sought after real estate in the Portuguese capital. The portfolio includes the city's most prominent office complex located on the Marquês de Pombal square in the heart of Lisbon, comprising four adjacent properties, as well as two other strategically located assets in the capital.
This process is part of EDP's move to new headquarters on Avenida 24 de Julho in Lisbon, which are currently under construction. EDP is expected to continue to occupy the buildings for at least another two years, until the new headquarters is completed.
Francisco Horta e Costa, Senior Director of Capital Markets, CBRE, Portugal commented: "The truly unique nature of this portfolio, backed by guaranteed income for a minimum period from one of Portugal's most sought after tenants, makes this sale both a very attractive investment and asset management-led opportunity.
"We are delighted to have been instructed by EDP to seek offers for the whole portfolio. Bids for sub-portfolios or individual properties may also be considered."