Two years after being purchased, Lagoas Park will be refurbished. According to ECO, Henderson Capital Park will invest 25 million euros in the modernisation of that business park in Oeiras, in a project that will be carried out over the next four years.
There are about 90 companies and 7,000 people in Lagoas Park, which, in September 2020, was sold by British Kildare Partners to Henderson Capital Park for 421 million euros. It was, that year, considered the largest office operation in the country.
In 2021, the new owners started with improvements, now, for the next four years, more works are expected in the business park, announced Henderson Capital, in a statement.
“The project (…) will feature the modernisation of facilities and collaborative spaces, both for visitors and employees. The exterior areas will be remodelled, including the central square, the shopping gallery and common areas, in conjunction with the refurbishment of the office interiors”. And “it also reinforces the sustainability credentials”, with the aim of obtaining BREEAM certification in all buildings”.
“This investment plan will ensure that the park remains among Europe's top business parks and adapts to the ever-changing requirements of national and international tenants in the dynamic Lisbon office market,” says Ronan Webster, Director of Asset Management, Henderson Park, quoted in a statement.
Lagoas Park is currently home to several international companies, such as Google, Samsung, BMW, SAP, Johnson&Johnson, Sanofi, Oracle, Cisco, Volvo, Leaseplan and BP. The modernisation project will also include the creation of a new brand.
“Successful office parks of the future, such as Lagoas Park, will adapt to the ever-evolving needs of all tenants, to respond to the new working environment and provide modern facilities, with well-being concerns, services and collaborative community spaces so that all the activities that take place in the park can grow”.