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Generali buys Office Oriente building
30 August 2019 | Ana Tavares

Generali Real Estate has just announced the acquisition of the Office Oriente building, at the Parque das Nações, in Lisbon.

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The building has 9.250 sqm and 8 floors above the ground. It is fully leased and is located in the capital’s area with the least availability.

According to the press release sent to the newsrooms, the purchase was made in the name of the fund Generali Europe Income Holding (GEIH), which currently has 2.800 million euro in assets under management. The acquisition is part of an investment strategy «directed towards the main European cities, focusing on well located prime offices and retail assets capable of generating stable cash flows in the long term or aiming at generating added value».

In this operation, Generali Real Estate was advised by FCB, Deloitte and JLL. The amount was not disclosed.