Novobanco to sell €400 million portfolio
Novobanco is to put up for sale a portfolio of properties that have been valued at €400 million.
According to Jornal Económico, the portfolio includes around 94% of the units of a fund which holds a 130,000m2 plot of land at Amoreiras, Lisbon which the bank inherited from Banco Espírito Santo.
Also included in the portfolio is Cabanas Golf in Oeiras, a building in Olivais, a plot of land in Portimão and a tourism project in Benagil in Lagoa, which belonged to ex-Benfica president, Luís Filipe Vieira.
In December, the bank announced that it would sell a portfolio of properties worth €250 million that would include the parcel of land at Amoreiras that BES has purchased for its new headquarters on Rua Artilharia 1. Novo Banco (created from BES) decided, however, to set up its headquarters at Tagus Park in Oeiras.