Future Headquarters of Fidelidade for Sale in Lisbon: Zara Owner Shows Interest

Future Headquarters on the Market

The future headquarters of Fidelidade, located in Entrecampos, is currently on the market for approximately 200 million euros.

Construction and Sale

This building, which is being constructed on the site of the former Lisbon Popular Fair, is expected to be completed in the second half of 2025. However, the insurance company has already listed its future headquarters for sale, attracting various investors, including Amancio Ortega, the owner of Zara.

Sale and Lease Back Strategy

Fidelidade's plan is to sell the property to an investor while remaining as a tenant. According to an official source from the insurer quoted by ECO, this sale & lease back strategy is a common and recurring practice in the real estate market. Notably, Fidelidade had previously completed a similar operation in 2019 with its current offices.

Long-Term Rental Agreement

The future owner of the Fidelidade headquarters will benefit from stable long-term returns. The agreement will involve a long-term lease lasting 20 years, with the possibility of extending it for two additional five-year periods. The annual rent that the insurer is expected to pay will exceed 10 million euros.

Investor Interest

As anticipated, this real estate deal has attracted numerous investors, with Amancio Ortega, the wealthiest man in Spain and the owner of the Inditex Group, which includes brands such as Zara, being one of the main interested parties.

Fidelidade's Response

In response to the ECO report, Fidelidade has stated that “there is no ongoing negotiation with specific investors, and none of the figures mentioned in the report reflect reality, being pure speculation.”