Portugal

CGD sells Edifício Camões, in Porto, to Finangeste for €20M

CGD sells Edifício Camões, in Porto, to Finangeste for €20M

Caixa Geral de Depósitos sold the Camões 155 Building in Porto to Finangeste for around 20 million euros.

Located in the Trindade area of Porto, on Rua de Camões, this office building has about 10,000 square meters. It is fully occupied by DIAP do Porto, in addition to CGD itself.

According to information provided by Finangeste to Vida Imobiliária, the property will undergo a renovation process that will imply an additional investment of 3 million euros.

It should be remembered that in the summer of 2020 Finangeste reinforced its presence in Porto with the purchase of Trindade Domus, in partnership with an institutional investor based in the United Kingdom, for 40.5 million euros, from Substância Numérica.

Iberian Property logoIberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!