Bankinter Investment and Sonae Sierra have just announced a major move in the Lisbon real estate market, acquiring Torre Oriente—one of the city’s most iconic office buildings located right next to the bustling Colombo Centre. This strategic acquisition, which is still pending approval from the Competition Authority, will be undertaken through the creation of SIGI Oriente Business Tower, a special purpose vehicle that will hold the asset.
A Landmark Office Property in Lisbon
Torre Oriente forms part of the renowned Torres Colombo complex and boasts 27,600 square meters of flexible office space distributed over 14 modern floors. The property is LEED certified for its environmental sustainability and stands out for its high energy efficiency, making it particularly attractive to environmentally conscious tenants and investors.
The tower currently enjoys an impressive occupancy rate close to 100%, with a diverse portfolio of long-term tenants—a testament to its prime location and top-tier amenities. Its proximity to Centro Colombo, combined with convenient access to main roadways and public transport, further enhances the value of the property for businesses seeking both visibility and connectivity in Lisbon.
A Strategic Partnership with a Proven Track Record
The shareholders of SIGI Oriente Business Tower will include Bankinter Investment Inversión Alternativa I, Sonae Sierra, as well as a select group of institutional and private banking investors from both Portugal and Spain. This acquisition marks Bankinter Investment’s 30th alternative investment structure over the past nine years, and the seventh joint vehicle with Sonae Sierra, underscoring a successful and ongoing partnership.
Focused on Stability, Yield, and Sustainability
For Bankinter Investment, this deal consolidates its strategic focus on providing clients access to safe, high-quality real estate investments that offer stable, long-term yields. Sonae Sierra, meanwhile, is further strengthening its leadership in sourcing and managing prime office investment opportunities, with a renewed emphasis on properties that meet rigorous sustainability standards.
With this acquisition, Bankinter Investment and Sonae Sierra continue to reinforce their commitment to Lisbon’s prime office sector, leveraging their combined expertise to deliver value to both investors and tenants in one of Southern Europe’s most dynamic commercial real estate markets.
Stay tuned for more updates on Portugal’s property market and major investment moves.
