FOSUN INTL sells part of the future units of buildings A2 and A3 in the ENTRECAMPOS project in Lisbon, Portugal
FOSUN INTL announced the sale of future units in buildings A2 and A3 of the Entrecampos project located in Lisbon, Portugal, with a transaction amount of €192 million. This move aims to reduce real estate risk exposure, enhance project reputation, and decrease leasable office space to lower leasing risks, aligning with risk mitigation objectives
According to the announcement from FOSUN INTL (00656), on May 2, 2025 (Lisbon time), the company's subsidiary Fidelidade–Property Europe, S.A., FPE(PT) Office A, S.A., FPE(PT) 4Ret, S.A., and FPE(PT) 5Park, S.A. (as sellers) entered into a commitment sale agreement with Banco de Portugal (as buyer). Under this agreement, the sellers commit to sell and the buyer commits to purchase the future units of buildings A2 and A3 in the Entrecampos project in Lisbon, Portugal, excluding unit M (including all underground parking spaces as part of it). The base price is EUR 192 million (subject to adjustments).
The sale is based on three key benefits: reducing real estate risk exposure, enhancing the project's reputation by introducing reputable first-entry institutions, and reducing the leasable office space to lower leasing risks. This move helps minimize uncertainties related to vacancy rates and aligns with risk mitigation objectives
