Portugal has been gaining a prominent position in technology and is now one of Europe’s main tech hubs. With this tendency, the number and quality of infrastructures for companies operating in this sector has been on an upward trend.
The arrival of Midwich Portugal at Factory Lisbon, an asset with areas dedicated to large companies and start-ups, is yet another example of this reality. The company, which specialises in audiovisual technologies, is the latest tenant in this building located on the city’s waterfront.
The asset, part of the Beato Creative Hub, Lisbon’s most notorious innovation district, is the result of the adaptive reuse of a factory dating back to 1973, formerly owned by the Portuguese army. 200 metres long and 11 metres wide, its architectural lines stand out in the landscape, with the project combining old materials with contemporary elements such as glass, steel and wood.
Pere Castro, General Manager, Midwich Iberia S.A.U, points out: “We are thrilled to be joining Factory Lisbon as Midwich Portugal, and we are convinced that this is the right place to support and develop the professional audiovisual industry in Portugal. We are a distributor of professional AV products and services, 100% trade/B2B, with the best global brands.”
Luísa Noronha, Offices Senior Consultant, Savills Portugal, emphasises: “The conclusion of this operation demonstrates, once again, Savills' ability to identify highly prestigious tenants and make the perfect match with spaces in key locations. Factory Lisbon has seen a notable increase in occupancy, proving that this type of building is the ideal choice for companies in the technology sector.”