Savills' Capital Markets team managed the sale of the MB4 building to MEAG, Munich’s real estate asset manager. Savills represented Fidera Group, the owner of this distinctive office property, which boasts a prime location on Avenida Miguel Bombarda, with amenities such as a pilates studio and a café, among others. 

Savills played a crucial role throughout the entire lifecycle of MB4. Initially, they advised Fidera Group on the acquisition of the property in 2019, and since then, the consultancy’s teams have been responsible for fully leasing the building, thereby increasing its value and preparing it for this successful transaction. At the same time, the building underwent extensive rehabilitation, meeting high ESG standards, which helped it stand out in Lisbon’s competitive office market.

MB4 has already been classified as a 'NZEB Building - Highly Efficient' by ADENE, and it is also aiming to achieve BREEAM In-Use certification with an 'Excellent' rating. Among its sustainable and innovative solutions are electric vehicle charging stations, a bicycle parking facility, a tenant engagement system that monitors real-time sustainability metrics, and photovoltaic panels installed on the roof, which help reduce CO2 emissions by approximately 280 tons annually.

David Kirkby, Director of Obsidian London advising Fidera Group, stated: “This was a complex and demanding process, and Savills was with us at every stage, ensuring the transaction was successfully completed. We were able to completely transform the building we acquired in 2019, making it one of the most innovative and distinctive office spaces in Lisbon.”

Frederico Leitão de Sousa, Head of Offices at Savills, added: "The sale of MB4 marks the completion of a cycle that began in 2019 and reflects Fidera's Group trust in our teams, which were involved from the acquisition to project development, including the management and rehabilitation of the asset. Although the office investment market has faced significant challenges since the pandemic, this transaction highlights Savills' excellence, countering that trend. Once again, we demonstrate our ability to act as a ‘one-stop shop’ and the expertise of the Capital Markets team in closing relevant transactions."