Transaction / Assets building located at Avenida 5 de Outubro 101, in LisbonSeller CosecBuyer na€ MM
Cosec Sells Building on Avenida 5 de Outubro in Lisbon
11 November 2019 – Cosec, the Credit Insurance Company, has finalised the sale of the building located at Avenida 5 de Outubro 101, in Lisbon, next to the Campo Pequeno metro stop. Details of the transaction, including the price paid and the name of the buyer, were not revealed. Cushman & Wakefield acted on behalf of Cosec, which is equally owned by BPI and Euler Hermes. Cushman only stated that the buyer is a Portuguese real estate development and construction group.
The 10-floor building will be completely refurbished and converted into a residential development, with stores on the ground floor. The building has a total above-ground surface area of 3,447 m2.
Original Story: Jornal de Negócios – Nuno Carregueiro
Adaptation/Translation: Richard D. K. Turner