Garrigues advises Fidelidade on €192M property sale

Garrigues in Portugal has provided legal advice to Fidelidade, through its subsidiary Fidelidade Property Europe, on the sale of a property located in Entrecampos, Lisbon, to the Bank of Portugal, which is expected to become the site of the future headquarters of the Central Bank. The property has a gross construction area of approximately 32,000 square meters and was sold for €191.99 million. The transaction expected to be completed by the end of 2027.

For Fidelidade, the Entrecampos project — located on the grounds of the former Feira Popular — represents a revitalizing vision for this central area of Lisbon. Entrecampos was recognized among the bests mega developments in 2025 for its innovative and sustainable approach to urban development.

The transaction was advised by Garrigues’ real estate and urban planning team, led by partner Jorge Salvador Gonçalves, with the support of associate Margarida Martins Ramos, and by the tax Law team, represented by partner Isabel Vieira dos Reis. The Garrigues team had previously advised the Fidelidade group on the acquisition of the former Feira Popular land at a public auction launched by Lisbon City Council in 2018. On the picture, Jorge Salvador Gonçalves and Isabel Vieira dos Reis.