The return of Spanish investment to Portugal can been seen in the acquisition of an office building in Parque das Nações (Lisbon) by Merlin Properties. Its purcahse of the Monumental Building and Tower A of Lisbon Towers will strengthen its position in Portugal. The €103m deal involves the reshaping of the Monumental building located on Saldanha Square in Lisbon to offer 22,387 sqm of offices and retail. At the moment, 89 percent of the building’s office space is leased, while the retail space is 98 percent occupied. Tower A is leased to the Portuguese oil company Galp.
