We are very glad to present this iconic office building, a remarkable architectural jewel, located on the prestigious Avenida da República 23. This property is more than just a building; it is an integral part of the city’s rich history and heritage.

The asset benefits from an excellent location in the centre of Lisbon, between Praça Duque de Saldanha and Praça de Entrecampos, one of Lisbon’s most central places, where the Metro and train lines cross each other – there are only three transport hubs of this kind in Lisbon, this one being the most central – and with a strong and vast range of services on offer.

Honoured with a Valmor Prize, República 23 was built in 1913, originally for residential purposes. Since then, it has undergone remodelling and restoration works (2011 and 2015) and is currently in excellent condition, with its imposing façade, charming details and elegant proportions, perfectly combining classic aesthetics with modern functionality. The interiors are equally impressive, with ceiling heights of 3 metres per floor, each area offering a harmonious combination of restored historic and modern elements. The large windows allow for abundant natural light and stunning views over the street.

The asset is in the consolidated CBD office zone, but we believe that the office market will outgrow the Prime CBD zone. This expansion will be driven not only by the transport hub mentioned above, but also by the Entrecampos project, which will have around 100,000 sq m of class A office space, in addition to 30,000 sq m of commercial and residential space. The combination of these elements is expected to radically transform the dynamics of the area, making it even more attractive to companies and investors. This prospect of expansion and development will surely benefit the República 23 building and its strategic location.