A premier office destination that blends modernity with strategic functionality.
Investment Highlights
Bizau acquired an office building located in the Lisbon CBD, Avenida José Malhoa 17.
The asset is a vacant building with a gross lease area of 3.814 sqm above ground and 1.846 sqm below ground for 38 parking units and 850 sqm of private terraces.
Public transportation: Sete Rios subway and train station is less than 400 m away, and Praça de Espanha subway station is less than 750 m away.
Exceptional location chosen by Santander, Jerónimo Martins and Mapfre to have their HQ.
Strategy: Refurbishment to keep the office use with a new triple A tenant, already with a lease contract agreement ongoing.
Status: Ongoing.
Location
The Asset
As Is
To Be
The Project
TIMELINE:
2024-2025:Capex;
2026: office lease.
Bizau Role
Deal execution (manage DD, negotiate transaction documentation, originate funding, skin in the game)
Development management (manage licensing process, manage advisors, procurement of contractor)
Construction management (technical and financial project management)
Procurement of debt financing (negotiate with local financial institutions, produce business plan)
Procurement of SIC management company (negotiate all-in terms to fulfill CMVM requests)
Sales (procure, engage and monitor commercial advisors)
