Skip to main content Skip to footer

Colliers advises Grupo AFA and Socicorreia on the acquisition of 2 buildings in Lisbon for conversion to residential use

  • Both assets are located in the center of Lisbon, at Cinco de Outubro 35 and Visconde Valmor 66, respectively.

  • The joint operation has been closed for a volume of around €27 million.

  • Both buildings have office use, commercial space and parking spaces and will be converted to residential use.

Colliers (NASDAQ: CIGI; TSX: CIGI), a global leader in real estate investment management and advisory services, has advised Grupo AFA and Socicorreia on the acquisition of two office buildings in the center of Lisbon for approximately €27 million.

The first of the assets is number 35, Cinco de Outubro. It has a total surface area of 8,250 sqm of office space and of commercial space spread over 11 floors. It also has 65 parking spaces and several warehouses located below ground level.

The second building is located at Avenida Visconde Valmor 66. It has a surface area of approximately 2,250 sqm of office space and commercial space spread across 8 floors. It has 25 parking spaces below ground level and will also be converted to residential use.

Socicorreia and Grupo AFA are leading national developers and builders. Its strategy has recently focused on the center of Lisbon, where it currently has some 9 projects under development.

Pedro Valente, Managing Director of Colliers Portugal comments: “It was a pleasure to represent AFA and Sociocorreia in this transaction. Both entities are very knowledgeable about the residential development market in Lisbon, which enabled the deal to be concluded in record time. In addition, it proves that assets with such locations continue to be highly desired by investors.”


Related Experts

Pedro Valente

Managing Director

Lisbon

Pedro is Managing Director at Colliers Portugal. He has 20 years of professional expertise, having developed his career in the most relevant real estate companies in the Portuguese market.

Pedro has worked for CBRE in Lisbon where he started on the valuations department and then moved to development department.

Most recently he worked for WORX Real Estate Consultants (a local company affiliate of Knight Frank in the beginning & then of BNP RE) specifically in the sales transaction arena in all categories of retail, offices, tourism & hospitality, industrial & logistics and distressed assets.   

View expert

Vasco Carvalho

Senior Analyst

Lisbon

Investment Analyst (Financial & Real Estate) with a demonstrated history of working in the finance industry.

Highly motivated business professional with strong analytical skills and a results-driven personality. 

Fast learner comfortable working in teams, adaptable to the organisation. Multicultural expertise within start-up and multinational enterprises.

Polished communication skills in English, Portuguese and Spanish. 

Graduated from EADA Business School with an International Master in Finance (MSc) in Barcelona, Spain and a B.Sc. in Management from Nova in Lisbon, Portugal.

View expert

Alejandra Folgado

Marketing & Communications Director

As Marketing and Communications Director Alejandra is responsible for building a marketing and Comm. strategy that grows brand awareness; drives lead generation and works across business lines to support Colliers  Spain and Portugal  achieve its growth and customer acquisition goals.

She began her career at Atlas Capital Close Brothers in 2001 and joined to irea in 2006, where she was Knowledge & Organization Manager for almost 4 years. After a 5 years  of professional and personal experience in Italy, she returns to irea as Marketing & Communications Manager.

From January 2015 she has been Head of Marketing and Communications at irea until March 2018, when the spanish firm integrates in Colliers International.

Alejandra studied at Carlos III University (Madrid)  where she has a bachelor degree in Information Sciences. She holds an International Marketing and Communications Master from Polimoda Business School (Italy).

She has worked in Marketing and PR across various industries including Financing, Real Estate, Fashion and Hospitality. Alejandra  also has experience in managing and coordinating  events including conference, congress and trade fairs.

View expert