The value of the operation has not been revealed, but according to a report by ECO real estate market sources claim that the deal was done for €18 million.
The headquarters are in the building located at number 85 on Avenida Barbosa du Bocage, in the Campo Pequeno area of Lisbon. Built in the 1990s and with an area of about 3,800 square metres, spread over six floors, it has been home to the Uber headquarters since 2019.
The property was sold by the British Patron Capital and Finangeste — to the VIP fund, managed by Silvip, a company of the SIL Group. The information was released by Cushman & Wakefield, which, in partnership with RPE, advised the sellers in this operation. In 2019, Patron and Finangeste had purchased the building from Tranquilidade.
David Lopes, partner and Head of Capital Markets at Cushman, quoted in a press release, states that “this transaction is a reflection of the continued confidence of institutional investors in the present and future of the investment and office occupancy markets in Lisbon”.
Tim Seconde, Head of Capital Markets at RPE, says that “at a time of relative uncertainty, there is still investor confidence in the right product with the right return. We will certainly continue to see transactional activity in the Lisbon office market over the next 12 months”.
In 2021, Uber invested more than €90 million to create a centre of excellence in the building, to accommodate around 600 people. It is in this building that the company groups the operations of the private transport application, as well as Uber Eats.
The property also has 116 parking spaces and is also home to Park In, a company dedicated to operating the car park.
Brits sell Lisbon Uber headquarters
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