The building in question has a signed lease contract for 25 years, which EDP valued at €55 million. It was transferred in September to the Fundo de Actos Médicos e Subsídio de Morte of EDP, which is part of the Pension Fund, registered in the accounts as an alienation in the amount of €101 million, according to Expresso newspaper.
Completed two years ago, the building assumes a transaction price higher than the book value, based on valuations of independent entities, generating a gain of €30.7 million subject to IRC taxation, according to the company.
EDP had already delivered to its pension fund its Oporto headquarters, transferred in December 2015, yielding to the fund €270,000 per month, which compares with the €491,000 per month of income from the Lisbon headquarters.