Ageas bought Expo Tower building

Ageas bought Expo Tower building

Last December, Group Ageas Portugal announced new acquisitions in our country, representing a total of 100 million euro and including this latest purchase.

The office asset was acquired from funds managed by Anchorage Capital Group, L.L.C., and from Lace Investment Partners. It is located at Parque das Nações, in Lisbon, and it has a total 6.000 sqm, including 105 parking spots.

Gilles Emond, Head of Real Estate at Group Ageas Portugal, stated in a release: «we are very happy for having acquired, under unique circumstances, this property in such a privileged location. We will continue building our real estate portfolio progressively, so as to become a reference amongst investors acting in Portugal».

In this deal, the group was commercially advised by Cushman & Wakefield, legally advised by Vieira de Almeida and financially and tax advised by KPMG. Anchorage’s funds were advised by CBRE, Morais Leitão, Ernst & Young and NPN - Neves, Pinheiro, Neves & Associados.

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