Bankinter Investment and Sonae Sierra acquire the Oriente Tower

Bankinter Investment SGEIC, the alternative investment manager of Bankinter Investment, Bankinter’s investment banking subsidiary, and Sonae Sierra, an international leader in the real estate sector, announce the acquisition of Torre Oriente, located next to Centro Colombo in Lisbon. The completion of the transaction is subject to approval by the Portuguese Competition Authority.

The deal involves the creation of a Real Estate Investment and Management Company (SIGI), called Oriente Business Tower, which will acquire the iconic office building. Its shareholders will include Bankinter Investment Inversión Alternativa I, FCR (one of the private equity funds managed by Bankinter Investment SGEIC), Sonae Sierra, and a group of investors who are private banking clients in Portugal and Spain, respectively.

This transaction provides access to a long-term, large-scale investment in a secure and resilient asset.

Torre Oriente Building

With a total gross area of 27,600 m² spread over 14 floors, Torre Oriente is part of the Torres Colombo office complex. The building stands out for its flexible spaces, high energy efficiency, LEED certification (Leadership in Energy and Environmental Design), and a range of unique amenities that reflect a commitment to sustainability and occupant well-being.

Its prime location, next to Centro Colombo—one of Europe’s leading shopping centers—offers exceptional convenience to users, combining direct access to major roads and public transport with proximity to a wide range of retail and services.

Torre Oriente has an occupancy rate close to 100% and a diversified tenant portfolio that has demonstrated commitment over the years, either through long-term tenancy or long-term contracts.

Once the transaction is completed, Oriente Business Tower SIGI S.A. will become the thirtieth investment vehicle launched by Bankinter Investment over the past nine years, adding to the successful track record of its predecessors, and the seventh investment vehicle created in partnership between Bankinter Investment and Sonae Sierra, replicating the successful models of ORES Portugal, Atrium SIGI, and others.

Through this operation, Bankinter continues its strategy of creating investment alternatives as a value proposition for its private banking and institutional clients, investing in sectors of the real economy and assets selected for their growth potential. For this purpose, Bankinter always seeks the best professional manager for each type of investment, who also invests alongside Bankinter Investment in the vehicle, demonstrating clear alignment of interests.

This acquisition also reflects Sonae Sierra’s ability to proactively identify and generate unique investment opportunities, as well as to apply its expertise in active real estate asset management to create and maximize economic and sustainable value for investors.

Alberto Ramos, Country Manager of Bankinter Portugal, noted: “This new transaction strengthens the bank’s alternative investment strategy, allowing our clients to access solid real estate assets with stable returns and long-term appreciation potential, in collaboration with a market-leading manager.”

Vitor Freitas Duarte, from Sonae Sierra, stated: “For Sonae Sierra, this transaction represents a further step in the expansion of our investment management business, consolidating our role as a generator of attractive investment opportunities while reaffirming our commitment to managing sustainable, high-quality real estate assets.”

About Bankinter Investment

Over the past nine years, Bankinter Investment has successfully launched 30 alternative investment vehicles, with capital committed by investors exceeding €5.2 billion, which, including project financing, currently represents an asset portfolio under management of more than €7.4 billion.

The push toward alternative investment vehicles, in which Bankinter Investment is a benchmark in Spain and Portugal, has allowed more than 14,700 Spanish and Portuguese investors to co-invest with Bankinter Investment and its partners, with the clear objective of promoting long-term financial savings, diversifying into real assets, optimizing risk-return ratios, and generating lasting value for society.

For asset management, Bankinter Investment has always partnered exclusively with expert managers in each investment segment, including renewable energy, sustainability, student housing, hospitality, logistics, infrastructure, technology, retail, residential, and private equity. At the end of 2022, within the new regulatory framework established by Spanish Law 18/2022, Bankinter Investment SGEIC was established as a Bankinter Group entity specialized in alternative asset management.

About Sonae Sierra

Sonae Sierra is a multinational company operating in an integrated manner in the real estate sector, focusing on urban transformation and innovation. With completed projects in more than 35 countries, the company currently manages assets valued at approximately €7 billion.

Sustainability has always been a differentiating factor for Sierra, and the company has built a solid reputation as a specialist in market-leading real estate solutions that provide value to society as a whole. Its multifaceted offering includes the creation of customized vehicles with long-term relationships with leading investors, the development and modernization of sustainable urban spaces with mixed-use real estate, an integrated and comprehensive real estate services platform, and the management of a resilient portfolio prepared to meet future challenges.