Le mie ricette per la real estate communityAXA IM Alts, a global leader in alternative investments acting on behalf of clients, and Sonae Sierra, a multinational fully vertically integrated real estate player, announce the creation of a Joint Venture for the development of a state-of-the-art office building that will be located on top of the Centro Colombo shopping centre in Lisbon.
The c. 35,000 sqm office scheme will be the third office building to be added to the 173,000 sqm Colombo mixed-use complex and will comprise nine flexible floors designed to accommodate different occupier requirements, with 495 dedicated parking spaces in an underground car park. Occupiers will also have direct access to the wide range of amenities on offer at Centro Colombo.
The office building will be developed in a contemporary architectural style, designed by Reify, with a special emphasis on flexibility, innovation and sustainability, prioritising the quality of space and the comfort and well-being of its users, targeting LEED and WELL Platinum certification. The project was conceived to target very high sustainability standards and ensure excellent environmental and energy performance.
This transaction aligns with AXA IM Alts’ strategy of targeting high quality, technologically advanced and amenity rich office developments that are at the forefront of occupier demand. The project is also part of Sonae Sierra’s strategic objective of being a key player in urban regeneration and in the development of cities of the future, through the creation of sustainable, innovative urban projects.
The construction launched in September 2022, beginning with the structural work inside Centro Colombo. The next phase of development will focus on the exterior of the building, with completion expected by the end of 2025.
Source : Joint release