Art’s Building, owned by MERLIN Properties, one of the most iconic developments in Parque das Nações, has reached more than 90% occupancy and is set to welcome new tenants at the beginning of this year.
The building was acquired by the Spanish SOCIMI in 2019 and, following the departure of a major occupier from the financial sector in 2025, an opportunity has arisen to accommodate several new tenants from early 2026 onwards. The owner will invest in the refurbishment of the common areas and, in addition, the building will feature amenities designed for the exclusive use of its occupants.
The office consultancies Cushman & Wakefield (C&W) and CBRE are marketing the building on a co-exclusive basis. It currently has only around 2,160 sqm available, out of more than 24,010 sqm of gross above-ground area. The success of the leasing process demonstrates the strong attractiveness of the building, driven by its large floor plates, abundant natural light, institutional character, and the Parque das Nações area, which has consistently shown both growth and maturity.
According to Pedro Salema Garção, Partner and Head of Offices at Cushman & Wakefield, “Art’s Building demonstrates how a strategic repositioning, already planned and secured, can decisively enhance an asset’s attractiveness. The market response is reflected in a very high occupancy rate, supported by a value proposition aligned with the current demands of occupiers and by differentiating factors such as VAT exemption on certain units.”
António Almeida Ribeiro, Director of Offices Investor Leasing at CBRE Portugal, states: “Art’s Building is an example of how the combination of a strategic location, sustainability certification, efficient office spaces, and amenities is crucial to attracting leading companies. The current occupancy level not only reinforces Parque das Nações’ position as one of Lisbon’s main corporate hubs, but also confirms the very positive momentum of the capital’s office market.”
The focus on sustainability, evidenced by its LEED Gold certification, and its award-winning architecture stand out among its key features. The building is part of the Art’s Business & Hotel Centre complex, designed by the Frederico Valsassina architectural firm, and was awarded the Valmor Architecture Prize in 2004.
Image Credits: Telmo Miller
