Lace Sells Liberdade 242 to AFIAA

Cushman & Wakefield acted on behalf of the buyer, AFIAA, which acquired the property from Lace.

The Foundation for International Real Estate Investments Switzerland – AFIAA has acquired the building located at Avenida Liberdade 242, in the heart of Lisbon. The sales price of the property, which is fully occupied by the insurance company Tranquilidade, was not disclosed.

Built in 1969 and fully refurbished in 2018, the Liberdade 242 has 9,500 m2 of surface area on nine floors. It also has 25 private parking spaces. The highly recognisable Liberdade 242 is one of the most iconic buildings on Avenida da Liberdade.

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