The government wants the CGD headquarters building to become its property later this year.

The government wants the CGD headquarters building to be commissioned this year, following a Council of Ministers decree allowing up to 5.4 million euros to be spent on work on the seventh floor.

The government is concentrating ministerial offices and organizations under its control in the Caixa Geral de Depósitos (CGD) headquarters building, a process that should be accelerated even if the executive wants the state to retain ownership of the headquarters building, which is currently time belongs to the government. Pension fund of KGD.

In a resolution published this Friday, the government indicates that it expects ownership of the building to be transferred to the state as early as “during 2023”, pending a decision by the parties on what terms.

In early March, CGD chief executive Paulo Macedo stated that the state bank wanted to donate the headquarters building as an in-kind dividend to the state and that a property appraisal was being carried out for this purpose.

To serve the bank, CGD is looking for another location in Greater Lisbon, where it will move in a few years. So far, there is an agreement that the CHD will remain in the building until at least 2026, when it will transfer the building to the state, and will begin to pay rent, and not receive it (as is happening now).

In a published decree, the government is authorizing work on the seventh floor of the building, for which it expects to spend up to 5.4 million euros, one of the investments that will need to be made to move there.

According to the latest information, the government expects to spend about 40 million euros.

In the resolution, the government believes that the concentration of state structures in one space will reduce response time and increase synergy and decision-making ability.

The government also anticipates savings from this concentration, evaluating the benefits of centralized acquisitions as well as lower costs for administrative, technical and logistical support structures as there will be shared services, benefits from less travel and lower building maintenance costs.

The government states that “an estimated savings of about 800 thousand euros per year in the rent that the state currently pays to individuals, and about five million euros per year in the costs of managing services such as security, maintenance, cleaning, gardening. , electricity and water supply.

In addition, the executive branch states that the public facilities to be vacated are “estimated at around 600 million euros” and that they “could be subject to monetization aimed in particular at promoting the goal of increasing the supply of housing in cases where the vacated properties are adequate.