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Zurich buys Santa Maria Building for more than €20M
27 June 2019 | Vanessa Sousa

Santa Maria Building, until now owned by Marathon, was traded for an amount between 20 and 22 million euro. Swiss Zurich is the building’s new owner.

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The information was revealed in the report "Portugal - Office Market Snapshot" concerning this year’s second quarter and compiled by consultant Cushman & Wakefield, which considered this one of the «key investment transactions» to take place in the country during this period.

This office building is located in the Portuguese capital and has 6994 sqm. It is known that its yield should be around 4.75%, according to data from the same report.