Grupo Ageas Portugal has acquired the Bloom Building in Lisbon from a Portuguese family office advised by Savills. The asset comprises 5,500m² and is currently fully let to Grupo Credito Agricola. It is located next to the Sete Rios transport hub, in a district mostly occupied by banking and insurance companies, including Santander, EDP and Anacom. The building was completed in 2010 and has an A-class energy certification. It features 143 underground parking units, as well as retail units on the ground floor and basement. The purchase price was not disclosed.
Alberto Henriques, Associate Director, Capital Markets, Savills Portugal, commented: “Savills is proud to have advised on this core office transaction, a very effective and collaborative process by all parties involved.”
Paulo Silva, Head of Country at Savills Portugal, said: “The prime office buildings in Lisbon continue to be on the top of investor’s target list. The characteristics and occupancy of the Bloom Building represented a desirable investment opportunity to institutional long-term capital. Congratulations to Grupo Ageas Portugal for being able to secure this amazing asset for their portfolio.”.
Gilles Emond, Head of Real Estate of Grupo Ageas Portugal, added: “The support of Savills was fundamental for us to achieve a simple and fluid sale process. This investment is very much in line with the Group's mission to be acknowledged as a responsible investor in Portugal."