Deals
Novo Banco Shortlists Bidders in Sale of Lisbon HQ
- Lender’s headquarters may be valued at over 100 million euros
- Demand for commercial property is rising after pandemic
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Novo Banco SA has shortlisted bidders for the sale of its headquarters in Lisbon, which could be valued at more than 100 million euros ($105 million), people familiar with the matter said.
Merlin Properties, Spain’s largest REIT and an active investor in Portugal, is among several suitors selected to submit binding offers for the building, according to the people. Vanguard Properties, one of Portugal’s biggest developers, was also chosen, the people said, asking not to be identified discussing confidential information.