Multi Corporation has been appointed property manager for a prominent retail and food & beverage asset in the centre of Lisbon following a tender process.
Multi will be responsible for the day-to-day management of the asset and will work closely together with the owner to implement value-enhancing initiatives.
The asset is part of an industrial area, which is home to restaurants, offices and stores, and a popular destination for artists, digital nomads and tourists alike.
The owner has built office towers close to the asset and will continue to invest in the area, which is undergoing a complete transformation.
'We are thrilled to have been appointed property manager of this prominent asset in such a trendy, developing area. With our experience, I am sure we can add value to this prominent, mixed-use asset,' said João Cruz, managing director of Multi in Portugal and Spain.
Multi currently manages over 80 properties across Europe and welcomes over 400 million customers annually, who spend an estimated €4 bn across over 7,200 stores, restaurants, and leisure facilities.
