Of note last week was the announcement that a 40-million-euro Rehabilitation Plan will start in 11 Lisbon neighborhoods

The biggest investments and main highlights of the past week in the real estate market.

The 40-million-euro Rehabilitation Plan for 11 neighbourhoods in Lisbon is about to get underway.

The company Gebalis is starting an intervention and rehabilitation plan in 11 municipal neighborhoods in Lisbon, with a total investment of 40 million euros until 2026.

The rehabilitation work will begin in the Alfinetes neighborhood, located in the Marvila parish. The project will cover seven buildings and 68 units, with planned interventions on roofs and facades.

This initiative aims to improve the condition of the buildings and living spaces, contributing to the overall revitalization and development of the selected neighborhoods in Lisbon.

Cushman & Wakefield assumes management of 7 assets from MEAG portfolio

The consulting firm has been awarded the management of 48,000 square meters of office assets, consisting of 7 properties. These assets include three buildings in Arquiparque, two in Quinta da Fonte, and two on Avenida da Liberdade.

MEAG, the asset manager of the Munich Re Group, will oversee these assets. MEAG operates branches in Europe, Asia, and North America, providing its expertise to institutional investors as well as private clients outside the group. Currently, it manages assets valued at approximately 307 million euros, with 55 million euros belonging to external investors.

This collaboration will enable efficient management and utilization of the office assets, leveraging MEAG’s experience and expanding its portfolio for both institutional and private clients.

Industrial land in Carregado marketed by CBRE

CBRE is in charge of selling an industrial land in Carregado, consisting of two assets, with a total area of 20,000 square meters. The land is located in the municipality of Alenquer.

The land comprises two assets, totaling 20,065 square meters, and has a potential construction area of approximately 10,000 square meters. One of the lots already has an existing building measuring 2,600 square meters, while the other lot has an approved PIP (Projecto de Intervenção Prévia) that allows for the construction of 6,760 square meters.

This sale presents an opportunity for potential buyers to acquire a sizeable industrial land with existing buildings and approved plans for further construction, providing flexibility and potential for future development in the Carregado area.