Iberdrola

Portuguese subsidiary of Technip increases leased space on fifth floor of Colombo towers by 592 metres

• This real estate project was developed by IBERDROLA's subsidiary along with the Caixa Geral de Depósitos Group, Sonae Sierra and CBRE Global Investors

One of the main tenants of the Colombo Towers office complex, developed in Lisbon on a joint basis by IBERDROLA INMOBILIARIA, the Caixa Geral de Depósitos Group, Sonae Sierra and CBRE Global Investors, has reinforced their commitment to the project.

Lusotechnip has increased its office space by 592 sq. metres on the fifth floor of the Western Tower, where it has a total of 1,510 sq. m on lease. The Portuguese subsidiary of Technip is a company that manages engineering and construction projects for the energy industry.

The Colombo Towers are designed to provide a solution to the lack of high-quality large spaces identified by the developers in the Lisbon office market. The project comprises two 14-storey towers with a total gross area of 29,000 square metres situated above the Colombo shopping centre.

The towers benefit from all the facilities available at the mall: an impressive range of restaurants, a hypermarket, a gym, a chemist, launderettes and banks, as well as a wide array of shops.

The total built area, encompassing the towers, shopping mall and car parks, covers almost 500,000 square metres, making it Portugal’s largest mixed use project. Featuring around 2,000 square metres of open space per floor, the towers have been specifically designed to meet the needs of today's major companies.

The Colombo Towers’ prime location is also one of its main attractions. Only a few minutes away from the airport, the Gare do Oriente transport hub and the city centre, the towers afford easy access to the city’s major roads and can also be reached by public transport. The Colegio-Militar/Luz underground station is conveniently situated right below the complex. Each tower has 500 underground parking spaces below the shopping mall.

The project was the brainchild of the architect José Quintela and incorporates the best practices in environmental management. It has been awarded the prestigious Lloyd's Register Quality Assurance (LRQA) certificate, the only certification organisation in the world able to operate in all industrial sectors in accordance with the NP EN ISO 14001:2004 and ESO 14001:2004 standards. The towers have also received a class B energy certification – the second highest.

IBERDROLA INMOBILIARIA offers a broad portfolio of products, ranging from first homes to holiday homes, office buildings, industrial units, shopping centres and property consultancy and management services to third parties. The company currently owns rental property with more than 248,000m2 of gross leaseable area.