Highlights:
- The WellBe project (27,635 m² of office space) will serve as Caixa Geral de Depósitos’ (CGD) new headquarters.
- Currently under construction, the development is expected to be operational by H2 2026.
- This sale contributes to the reduction of Atenor group's net debt by EUR 28M.
Tage Une Fois – Investimentos Imobiliários S.A., a company co-owned by Atenor (BSE: ATEB) and BESIX Real Estate Development, announce the sale of the WellBe project to Portugal's largest bank Caixa Geral de Depósitos (CGD). WellBe will serve as CGD's new headquarters, strategically located on Avenida D. João II in Parque das Nações. The project offers 27,635 square meters gross of office space, 1,240 square meters of retail area, and 400 parking spaces.
Designed by Saraiva Associados and A2M, WellBe sets a new standard for workspace excellence surpassing NZEB (Net Zero Energy Building) standards. Aiming for WELL Platinum, the project will exemplify excellence through alignment with the EU Taxonomy, incorporating certifications such as BREEAM Excellent, ADENE A, and WiredScore Gold.
Regarding this transaction and the choice of WellBe as their new headquarters for their 2,500 collaborators from Serviços Centrais, CGD explains: “Our decision-making process, involving valuable input from our collaborators, emphasized the importance of selecting a location with excellent public transportation. At CGD, we are committed to providing an inclusive and sustainable workspace, evident in our choice of a building with an A energy rating, BREEAM and WELL certifications, and accessibility features for individuals with reduced mobility. We look forward to the completion of this move in 2026 and the positive impact it will have on our team and operations.”
The transaction demonstrates Atenor and BESIX RED’s international reach, access to regional sources of capital and international project partners.
Gabriel Uzgen, CEO BESIX RED comments: “We are pleased with our strategic collaboration with Atenor and the successful appeal to an esteemed institution like CGD, reflecting our shared vision for innovative workspaces, sustainability, and enhancing users’ well-being”.
Stéphan Sonneville, CEO of Atenor adds: “ This transaction illustrates the fundamental evolution of the office market in Europe, where leading companies as Caixa Geral de Depositos express their needs for high-quality office spaces that actively support the well-being of their employees and contribute to a sustainable environment. This project demonstrates Atenor’s commitment to sustainable real estate development.”
The sale was settled at market terms, marking a positive addition to Atenor’s accounts from 2024 to 2026, aligning with the previously established business model.
The link to the full press release can be found here.