Union Investment has appointed CBRE to manage the Torre Oriente office tower in Lisbon, Portugal.
Union Investment has appointed CBRE to manage the Torre Oriente office tower in Lisbon, Portugal.
Torre Oriente comprises 27,600 m2 of office space and benefits from an array of services including restaurants, supermarkets, a gym and pharmacy provided by the adjoining Colombo shopping centre.
Completed in 2009 to address the shortage of high quality premises in Lisbon, Torre Oriente boasts what Union Investment describes as an 'innovative and environmentally sound design' and is built over the Colombo shopping centre. A sister tower, Torre Ocidente, was developed in 2011.
Union Investment acquired Torre Oriente from a consortium for €70 mln in 2010, marking its first foray into real estate investments in Portugal.