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Principal Real Estate Europe lets 2,414 sq m in Lisbon, Portugal


Principal Real Estate Europe has signed three leases on circa 2,414 sq m of office space at the Quinta da Fonte Business Centre located in Oeiras, Lisbon.

Fullsix Portugal, an independent marketing and communications group, has signed a five-year lease on 1,715 sq m of office space. Ingram Micro, a distributor of information technology products, has signed a five-year lease on 429 sq m of space and Athlon, providers of vehicle leasing, has signed a five-year lease on 270 sq m of space at the prime office business park.
 
Quinta da Fonte Business Centre comprises around 80,000 sq m of lettable space located in Parco De Arcos, one of Europe’s largest business parks, in an area that is popular with multinational IT and communications companies. The park also includes underground parking, on-site restaurants and a health club.
 
Ryan Edwards, Portfolio Manager at Principal Real Estate Europe, says: “Signing these three leases underlines the high quality of office space on offer at Quinta da Fonte Business Centre. Our asset management plan for the asset included improvements to the transport infrastructure, which has made the site much more accessible to employees and other road users.”
 
Principal Real Estate Europe was advised on the transaction by CBRE and Savills Aguirre Newman.dd

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