Banco de Portugal Partners with Fidelidade for Lisbon Real Estate Acquisition
Deal News | May 06, 2025 | Iberian Lawyer
Sérvulo advised Banco de Portugal on the execution of a promissory sale and purchase agreement with Fidelidade Property Europe for a real estate acquisition in Lisbon. The transaction focuses on the purchase of a to-be-constructed building at the former Feira Popular grounds in Entrecampos, Lisbon. A multidisciplinary legal team from Sérvulo, led by managing partner Manuel Magalhães, provided comprehensive legal advice throughout the due diligence, negotiation, and formalization phases of the agreement. The building will feature a gross construction area of approximately 32,000 square meters and the team involved key partners and associates specializing in real estate, tax, and urban planning.
Sectors
- Real Estate
- Legal Advisory
- Banking
Geography
- Portugal – The transaction takes place in Lisbon, Portugal, involving Banco de Portugal and Fidelidade Property Europe.
Industry
- Real Estate – The transaction involves the acquisition of a building, which is central to the real estate industry.
- Legal Advisory – Sérvulo provided legal advisory services for the deal, which is a key segment involved in the transaction.
- Banking – Banco de Portugal is the acquiring entity, representing the banking sector in this real estate transaction.
Financials
- 32,000 square meters – The gross construction area of the building involved in the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Banco de Portugal | Buyer | Company | The central bank of Portugal involved in acquiring a building for future use. |
| Fidelidade Property Europe | Vendor | Company | The selling company providing the building in the transaction with Banco de Portugal. |
| Sérvulo | Legal Advisor | Company | The law firm advising Banco de Portugal on the real estate transaction. |
| Manuel Magalhaes | Managing Partner | Person | Partner at Sérvulo heading the legal team for this transaction. |