Edge Group and Ardma buy an office building in Sintra for €8M

Edge Group and Ardma buy an office building in Sintra for €8M

The Edge Group and the Ardma FCR fund bought an office building in Beloura, Sintra, for an amount over 8 million euros.

Next to Beloura Business Park, the property in question is known as the former headquarters of Somague (built by the company). It has approximately 7,500 sqm and 409 parking spaces, and is located in a plot of 27,300 sqm in total area, which has an additional construction potential of 11,000 sqm.

José Luís Pinto Basto, CEO of The Edge Group, comments that «with this project, which represents almost 20,000 sqm of construction above ground, The Edge Group consolidates its position in the office segment, now with an online location with the new trends in demand of large national and international companies».

“With the spread of video conference meetings, the need for offices in the city center decreases, companies opting for more competitively priced locations. On the other hand, it makes more and more sense to locate offices close to where the talent lives, avoiding unnecessary daily commuting, thus improving environmental, economic and social sustainability”, he concludes.

Worx advised the property owner in this operation. Pedro Rutkowski, CEO of the consultancy, adds that this is «a business that will allow the repositioning of a new nucleus of offices in the Cascais – Sintra area and that will aim at an innovative consolidation for the dynamics of new ways of working. embrace the trends in the area of ​​sustainability that were reinforced in post-covid».

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