The real estate arm of Spanish energy group Iberdrola said it has completely rented out the first tower of its Torres Colombo development project in Lisbon.
The real estate arm of Spanish energy group Iberdrola said it has completely rented out the first tower of its Torres Colombo development project in Lisbon.
The scheme, which consists of two towers, Oriente and Occidente, is being built by a partnership of Iberdrola Inmobiliaria, Grupo Caixa Geral de Depósitos, Sonae Sierra and ING Real Estate. The Oriente tower has already been completed, while Occidente is due for delivery in 2011.
Iberdrola said that it has leased an additional 4,000 m2 of space to the current tenants, Fujitsu Services and Barclays Portugal. Fujitsu Services has leased a further 1,193 m2, bringing its total space in the building to 7,275 m2. Barclays has taken another 2,728 m2 and currently occupies 12,213 of office space across five floors.
Iberdrola said that the leasing transactions are among the largest office lettings in the Portuguese market so far this year.
The Torres Colombo project is located above the Colombo shopping centre and will offer a total of nearly 60,000 m2 of office space across 14 floors as well as 1,000 parking spaces.
