Monday, August 10, 2015

Colombo West Tower sold to fund Singapore – publico

                 
                 


 
                         

The sale price of the building of 14 floors held by the consortium formed by CGD, Iberdrola Real estate, CBRE and Sonae Sierra has more than 70 million euros, according to information collected by the PUBLIC.


                     


                         The deal, which according to EFE was around 80 million euros, was announced on Monday. According to the statement of the vendors, all the offices of the West Tower are busy at this time.

The spaces were completely filled with the entrance of the BNP Paribas Group in January, which came to occupy a total of 11,100 m2, distributed for five and a half floors and a shop.

In addition to the French group, they are also installed in the Tower West Sonae Sierra, Lilly Portugal, ManpowerGroup Solutions, Viacom and Arvato. This is the first Singaporean investment fund in the Portuguese real estate market, said a press release from the vendor consortium, without identifying the entity.

The Colombo Towers complex consists of two office towers with 14 floors and a gross area of ​​29,000 m2 each. It was completed in 2011, precisely with the construction of the West Tower

Cushman & amp.; Wakefield was the international real estate consultant who acted exclusively on behalf of the seller consortium, which also included the legal advice of Uría Menéndez-Proença de Carvalho. The buyer’s side, the advice was provided by Garrigues.


 
                     
                 

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