Portugal's Socialist Party (PS) has requested detailed documentation on the revised plan for the Bank of Portugal's future headquarters, questioning the scale of savings touted by the central bank's leadership.
Bank of Portugal Governor Álvaro Santos Pereira announced the acquisition of a single building in Lisbon's Entrecampos district, stating the streamlined approach would save between €35 million and €40 million. The PS contends those figures are inflated, citing reduced operational capacity and the retention of services at separate locations outside the new headquarters.
Under the revised plan, the central bank signed an agreement to purchase the A1 building in core and shell condition from insurer Fidelidade for €165 million. The documentation demanded by the PS includes board minutes dating back to 2024, internal and external legal opinions, and the memorandum of understanding with Fidelidade.