Property

Bain & Company has leased the entire 1,966 square metres of the restored Anjos Urban Palace in Lisbon's Príncipe Real, at rents Savills says are aligned with the city's prime locations. The deal underlines how global firms keep deepening their footprint in a tight, expensive Lisbon office market.

The hotel group behind the stalled Quartel da Graça five-star project is asking the state to extend its concession from 50 to 75 years and defer rent until March 2030, even as unpaid amounts top €4 million and opposition parties call for the contract to be scrapped.