Ageas buys Bloom building in Lisbon

Ageas buys Bloom building in Lisbon
Bloom office building, in Lisbon

The Ageas Portugal Group announced the purchase of the Bloom office building, on Rua de Campolide, in Sete Rios, Lisbon, from a Portuguese family office.

The property has a gross building area above ground of 5,500 sqm. It is fully occupied.

According to the group, this business «completely fits within the benchmark parameters of the Ageas Portugal Group. In addition to presenting an excellent construction and materials, it was one of the first office buildings in Portugal with class A energy certification, the result of a project developed in 2010 by the architecture firm FSimões Arquitectos».

In a statement, Gilles Emond, Head of Real Estate of the Ageas Portugal Group, comments that «The Ageas Portugal Group is very pleased to end the year with this transaction, which took place in a very simple and fluid process as the parties involved in the transaction were fully oriented towards the common goal, always with a very professional focus».

Gilles Emond adds that «this acquisition fits perfectly into the Ageas Portugal Group's strategy, being a core and sustainable investment, as the Group's mission has been».

In this operation, the Ageas group was accompanied by MLGTS, KPMG and Bureau Veritas. The seller was advised by Savills, which sold the building, by Eversheds Sutherland FCB and by Deloitte.

This is the fourth real estate deal that the Ageas Portugal Group closes in 2021. In August, it announced the acquisition of two other office buildings in Lisbon for 30 million euros. More recently, in December, it announced that it had reached an agreement with Promiris and Cetim for the construction and acquisition of a new student residence in the Asprela area, in Porto.

Its intention is to «continue to progressively build its real estate portfolio, with the ambition of becoming a reference as a responsible investor in Portugal, with a total value of the real estate investment portfolio representing more than 500 million euros».

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