Ageas Portugal Acquires Office Building in Lisbon

December 14, 2021 – Ana Custódio

The building’s acquisition by Ageas Portugal represents the group’s fourth purchase in the real estate sector in 2021.

Brokered by Savills’ international real estate consultants, the Ageas Portugal Group has just added a new office building to its real estate portfolio. The acquisition of the company that owns that building represents Ageas Portugal’s fourth real estate transaction in 2021, representing around €100 million invested this year. The amount of the investment was not disclosed.

The company acquired the Bloom building in Sete Rios, at Rua de Campolide, 372, 372A to 372F, in Lisbon. The property has a gross above-ground construction area of 5,500 m2. It is in an area of the Portuguese capital that has been the target of constant public investment, with a major focus on expanding the green spaces in the surrounding area, also ensuring ample access to public transport.

The asset, which is already fully occupied and whose owner company was part of the investment portfolio of a Portuguese family office, fits in completely with the Ageas Portugal Group typical investments. The property is well-built, having been one of the first office buildings in Portugal with energy class A certification, as a result of a project developed in 2010 by the architectural firm FSimões Arquitectos.

Translation: Richard D K Turner

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