CGD sells 3 office buildings for €68M

CGD sells 3 office buildings for €68M

 

To the sale of this building, adds the sale of two other buildings, the Santa Maria Building, also in Entrecampos, and the Republic 50 Building, on the corner of Avenida Barbosa do Bocage.

Buyers were not specified by CGD, which announced only the amount that matched the sales that "occurred through organized market consultation processes, with more than 20 national and international investors expressing interest and bidding," said the institution in a statement quoted by Negócios newspaper.

At the end of the year, CGD will have sold a total of 3,100 properties, "mainly outside the urban centers of Lisbon or Oporto", announces the public bank, earning about €338 million (+ 58% over the previous year).

 

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