Novo Banco sells its headquarters on Avenida da Liberdade for 112.2 million euros

For 112.2 million euros, Novo Banco will no longer have its headquarters on Avenida da Liberdade, in Lisbon, and will move to the Tagus Park area, in Oeiras, in a building that is still under construction. According to a statement sent this Monday to the Securities Market Commission (CMVM), the bank signed a promissory purchase and sale agreement to sell the building in an operation that should be completed in the third quarter.

The sale is expected to have a positive impact of 55 million euros on this year’s profits. The buyer was not revealed.

The move to the new headquarters will be made in a phased manner, which will host the central services currently located in the center of Lisbon. This transaction will be completed during the 3rd quarter of 2022 and should have a positive impact on 55 millions of euros nthe result liquid 2022 of Novo Banco.