CBRE Responsible For The Portfolio Management Of 12 Real Estate Assets Belonging To EREF I Fund
CBRE’s Asset Services Department took on the management of the EREF I (Explorer Real Estate Fund I) fund portfolio. With this agreement, CBRE, will have an additional 12 real estate assets to manage.The 12 asset portfolio represents a total area of approximately 50,000 sqm and includes several emblematic buildings located in the Greater Lisbon area, such as the Visconde Alvalade Building, near the Sporting Clube de Portugal stadium, Edifício E located in Alfrapark, and the Liberty Building, located in Avenida Fontes Pereira de Melo.
The management agreement for these 12 assets reinforces CBRE's position in this sector and positions us as one of the main players in the management of office buildings. We’re delighted to embrace this challenge of managing such a diverse portfolio for a key investor in our market. We aim to implement an office management philosophy that is differentiated and based on our Office Play management program, which takes into consideration the overall experience and the tenant at the centre of our management strategy.
Office Play aims to embrace the latest trends and drivers in the market. It prioritises the user experience and works across different areas including well-being, communal work areas, leisure activities, social responsibility and the use of technological platforms to facilitate the day-to-day life, not only for those who work in the building, but also its visitors.
The EREF I fund was launched in 2017. Explorer Investments, which acts as the Fund's Investment Adviser, was established in 2003 and is an independent asset management company with extensive experience and track record in Portugal. It manages and advises funds with a valuation of over 1500 million euros, across three business areas (Private Equity, Capital Expansion, Tourism and Real Estate).