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Fidelidade sells Arya portfolio for €125M
06 January 2020 | Ana Tavares

Fidelidade announced last week the conclusion of the sale of the Arya portfolio, a set of 5 buildings located in Lisbon and Porto.

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The Portuguese newspaper Eco reports that was the North American fund Cerberus the buyer of this portfolio. In this deal alone, the fund spent 125 million euro.

The portfolio consists of Fidelidade’s headquarters at Calhariz, with a total area of almost 20.000 sqm, Terminal K, at Santa Apolónia, with 6.600 sqm, the Marechal Saldanha building, with 2.300 sqm, the Malhoa 13 building, at Praça de Espanha, with 5.900 sqm, all in Lisbon and the Galeria de Paris, in Porto, with 12.800 sqm.

Fidelidade also has various central and subsidiary services installed in these buildings and it will remain its tenant until the construction works on its new headquarters at Entrecampos, in Lisbon are finished. This is where the company will concentrate all the services it has spread across Lisbon, «allowing it to consolidate the brand’s position through a new headquarters open to the community, designed with innovation in terms of environment, architecture, functionality and working conditions», explained the insurance company in a release.