BNP Paribas Real Estate has unveiled plans to develop a large-scale mixed-use scheme with a total floor area of 74,000 m2 in the Portuguese capital.
The project is the second large-scale development launched by BNPPRE in the recent past. Earlier this year the company announced the launch of its 99 West Tower development in Frankfurt.
BNPPRE is joining forces with local developer Pedro Silveira to build the Lisbon complex, which will consist of two office buildings in the LX factory district of the city, a former textile manufacturing area recently converted to a fashionable Lisbon ‘village’.
'By launching this scheme in Lisbon, we are once again showing very clearly our international ambitions and, more precisely, our intention to continue expanding our commercial property development business in Europe, with bright prospects identified in Portugal,' commented Thierry Laroue-Pont, chairman of the management board of BNP Paribas Real Estate.