The ‘Torre Oriente’ office building, which belongs to the Colombo Towers complex in Lisbon, received awards in the Best Foreign Investments in Portugal and Eurohypo categories in the 14th edition of the Portuguese Real Estate Oscar prizes, organised by the magazine Imobiliária.
This building, which has a twin by the name ‘Torre Ocidente’ (Western Tower), was developed in Lisbon by IBERDROLA Inmobiliaria along with the Caixa Geral de Depósitos Group, Sonae Sierra and ING Real Estate and sold to Union Investment for about 70 million euros in December of last year.
The jury of these awards highlighted the complexity of the ‘Torre Oriente’ construction, built over the Colombo shopping centre, and its innovative, environmental design.
The Colombo Towers project, which comprises two office towers with 14 levels and a total gross area of 29,000 m2 each, is an answer to the evident shortage of quality large-scale premises in Lisbon.
Some of the characteristics that make this real estate product unique are the ease of access, the vast array of public transport options, an area of 2,000 m2 per level with virtually no structural limitations, and the multiple services provided by the Colombo Shopping Centre - restaurants, a hypermarket, a gym, a pharmacy, launderettes, financial institutions, etc.
The two towers, the Colombo shopping centre and the parking lot make up the largest building complex and mixed-use project in the country, covering a total surface area of some 500,000 m2.
Following the success achieved by the first tower, the partnership formed by IBERDROLA Inmobiliaria, the Caixa Geral de Depósitos Group, ING Real Estate and Sonae Sierra has already begun the construction of the second tower, ‘Torre Ocidente', scheduled for completion by early 2011.