Bankinter Investment SGEIC and Sonae Sierra moved towards the purchase of “Torre Oriente”together with a group of investors. The conclusion of the deal is subject to approval by the Competition Authority (AdC).
In a statement sent to newsrooms, the two entities clarify that the office building has 14 floors and a gross area of 27,600 square meters. It is located next to the Colombo Shopping Center, in Lisbon, as is part of the “Colombo Towers”.
Additionally, it can be read, it has “occupancy rate close to 100%”as well as “high energy efficiency”. It also benefits from LEED certification (acronym in English for Leadership in Energy and Environmental Design).
Bankinter Investment SGEIC is an investment manager of Bankinter Investment and a subsidiary of Bankinter Investment Banking. With this deal, a total of 30 alternative investment vehicles will be reached, with more than 5.2 billion euros of capital committed by investors. Sonae Sierra operates in the real estate sector and manages 7 billion euros in assets, associated with 20 investment vehicles.
The operation involves constitution of a Real Estate Investment and Management Company (SIGI), called Oriente Business Tower, which will own Torre Oriente. Its shareholders will be Bankinter Investment Inversión Alternativa I, FCR (one of the Venture Capital Funds managed by Bankinter Investment SGEIC), Sonae Sierra and a group of investors, Private Banking and institutional clients from Portugal and Spain, respectively.