Warehouses in Lisbon undergoing redevelopment
Lisbon's Alcântara Docks are set to witness a transformative change with the creation of The Wake, a new office building that promises to symbolize an awakening to a new vision of in-person work.
The Wake, a 2,758 square metre office project, is the fruit of the regeneration of five former port warehouses. With 1,890 square metres still available for new occupants, The Wake is poised to offer a unique work experience, blending the charm of historic architecture with the dynamism of contemporary work models.
Located next to the river, The Wake boasts private terraces offering breathtaking views of the Tagus River and the iconic 25 de Abril Bridge. Moreover, the building is situated near leisure and sports facilities, adding to the quality of life for its occupants.
The Wake represents a commitment to the urban regeneration of Lisbon's waterfront, aiming to reinvent the area with a unique product that combines heritage, location, and architectural quality. The project is the brainchild of the real estate developer Placer, in a joint venture with businessman Francisco Matos Gil, who has already secured around 800 square metres of office space within the building.
The architectural firm AAVV is responsible for the design of The Wake, ensuring a seamless blend of the original industrial architecture with innovative office space design tailored for modern work styles. The project is scheduled for completion in the last quarter of 2025.
Unique features for potential occupants include the retention of the authenticity and legacy of the original industrial port warehouses, the merging of classic industrial architecture with innovative office space design, and a significant 400 square metre outdoor area overlooking the Tagus River and the 25 de Abril Bridge.
The transformation of warehouses into offices is a highly sought-after concept in the Portuguese market, but until now, there has been practically no availability. The Wake aims to fill this gap, making it an appealing option for businesses looking for modern office space enriched with cultural and historic character, plus inspiring views and outdoor amenities.
Eduardo Pinto Basto, Managing Partner at Placer, emphasizes the need for more incentives to bring people back to in-person work. He believes that spaces like The Wake, which prioritize quality of life for teams, are key to attracting talent, a priority for many companies in today's competitive business landscape.
The remaining spaces in The Wake are being sold by the consulting firms CBRE and Dils on a co-exclusive basis. António Almeida Ribeiro, Head of Offices Investor Leasing at CBRE Portugal, highlights that The Wake preserves the historic legacy of the buildings and introduces new life and dynamism to the area, combining the authenticity of industrial architecture with the innovation of new work models.
With its strategic location, unique features, and commitment to preserving Lisbon's rich heritage, The Wake is set to become a landmark in the city's waterfront, offering a fresh perspective on in-person work.
- The Wake, a unique office building in Lisbon's Alcântara Docks, created from the regeneration of five former port warehouses, is attracting interest from businesses looking for modern work spaces infused with cultural and historic character.
- The real estate developer Placer, in partnership with businessman Francisco Matos Gil, is behind The Wake project, which combines the original industrial architecture with innovative office space design, appealing to investors in the finance sector.
- The project's architectural firm, AAVV, ensures a balance between the authenticity of the original port warehouses and the dynamics of contemporary work models, offering a desirable work experience, especially after the shift towards remote work.
- The Wake, with its captivating views, outdoor spaces, and strategic location, is a significant addition to Portugal's real estate market, signifying a new wave in commercial real estate investing and urban development.
