Sonagi buys 70% of EU Lisbon HQ building

 In Companies, News, Offices

Sonagi, the company held by the Queiroz Pereira family, has purchased a majority share in the building which houses the European Union Portugal headquarters in Lisbon.

The Jean Monnet building houses both European Parliament and the European Commission in the Portuguese capital.
The Queiroz Pereira family, one of the richest in Portugal, now owns over two-thirds of the building located next to Avenida da Liberdade. The two-thirds are not occupied by the EU institutions.
Sonagi is a real estate company controlled by Sodim, the family’s holding which also has Semapa, among other assets.
“Sonagi recently concluded the acquisition of over 70% of the Jean Monnet building”, announced Worx, the real estate consultancy that managed the transaction. The value of the deal was not revealed.
The 8,770m2 “will now undergo a complete refurbishment and be available (for office rental) within a year”, states Worx.
Semapa is one of the biggest Portuguese industrial groups with a presence on 4 continents and a portfolio that includes pulp and paper, cement and other building materials, and venture capital.