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Signal Capital buys office building at D. Luís I street
17 January 2020 | Ana Tavares

Represented in Portugal by Square AM, British Signal Capital purchased the office building located at number 5 D. Luís I street, in Lisbon, to French developer WLA Properties.

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This building has 5.500 sqm of gross buildable area above the ground, besides 120 parking spots underground.

CBRE advised Signal Capital in this deal. According to the consultant this transaction «will contribute to the consolidation of this as one of Lisbon’s most active and attractive areas, where a strong tourist activity combines naturally with state-of-the-art offices».

Miguel Paiva Couceiro, Development Director at CBRE, commented in a release that «the assessment of this transaction reflects our positioning towards our clients, by being present from the identification/presentation stage up until the deal is closed, but also during the stages which follow an acquisition of this type, we also advise our clients on the building’s rehabilitation project management and in identifying the building’s future tenants. We are the starting point for projects which connect investors with the right clients so that together we can achieve our priority which is to stimulate the city of Lisbon».