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Caixa Geral de Depósitos (CGD) will sell three properties in Lisbon. Among them, is the block that the bank has in the street of Gold, in the city center of the capital. The other two properties are building plots located in the region of Areeiro and Telheiras.
The State Bank Block on Gold Street was virtually completely rebuilt in the 1960s and extended over an area of 13,000 square feet. In a statement, Cushman & Wakefield, who is in the middle of the sale, says the building "is a rare opportunity to promote an iconic luxury project – residential or tourist – with a prime location and an increasingly strategic location. the historical center of the city. "
Caixa also sold two other lands. One is located next to the headquarters building of Caixa Geral de Depósitos, in Avenida João XXI, one of the most important axes of the city, which connects the new avenues to the party eastern part of the capital.
The land, with 1264 square meters, is classified in the Municipal Master Plan (PDM) of Lisbon as a central and residential area so that a "residential project" with over 7000 square meters of building above the ground, "explains the real estate.
The bank, headed by Paulo Macedo, also wants to sell land in Telheiras with about 8100 square meters which is located in front of the facilities of the hospital armed forces.
Among the capital gains of the two lots, the real estate company admits that it is "reference places of residence for the medium high and high segments." The sale of the three properties should to be completed in October, according to estimates by Cushman & Wakefield.
In order to materialize the activity, CGD follows the same path as the other banks present in Portugal. Earlier this week, it was learned that BPI Bank sold its main property and the oldest in downtown Lisbon, raising more than 66 million euros. The set of five eighteenth-century buildings, with fronts for the streets Augusta, Ouro, Comércio and São Julião, was purchased by the Portuguese manager of Norfin real estate investment funds, through a fund German.
The project of this block consists of combining housing with retail and hospitality, taking advantage of the boom tourist who lives in the city. It is precisely a hotel that should be born in the current facilities of the BCP Street of the Gold. The bank recently sold the building it had to downtown Sana hotel group.
The six-storey building, with a total area of about 8850 square meters, occupies almost a block away, facing the streets of Ouro, São Nicolau and cobblers. According to the digital newspaper Eco, the company will have sold between 40 and 50 million euros to the bank, not knowing the exact value of the sale yet.
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