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Santander was the seller of Miguel Bombarda 4
18 February 2020 | Ana Tavares

The seller of the building Miguel Bombarda 4, located in Lisbon, was revealed: bank Santander. This operation was closed last month and was carried out for British fund Avignon Capital and York Capital Management, the buyers of the asset.


According to Savills, which advised the seller in this operation, the purchase was concluded for 22.3 million euro.

This asset has a 7.230 sqm GLA spread across 9 above the ground floors, 91 parking spots and 5 underground floors.

Alberto Henriques, Senior Analyst from the Capital Markets department at the consultant, commented that «it was with great satisfaction that we closed 2019 with this transaction which assumes a significant impact on the capital’s office market».

He further pointed out that «Lisbon continues to have a very high demand from tenants who seek high quality large offices at a time when there is a lack of stock, which has made international investors keep the city under their radar and motivated new investors to enter our market, as was the case of Avignon Capital».