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Private listing

Unique Project Portugal Lisbon Area

Portugal

72%

Development

Upon request

12 Oct 2020

#8922

Property Details

Broker

X

Fees

Upon request

Upon request

Upon request

Upon request

Upon request

Investment Overview

Property prices in Portugal are expected to rise by around 9.5% this year, which means that Portugal will be one of the two European countries with the strongest increase in property prices. This is the result of a recent report by the American rating agency Standard & Poors (S&P), which analysed the housing market of ten European countries - Belgium, France, Germany, Ireland, Italy, the Netherlands, Portugal, Spain, Switzerland and the United Kingdom. Close to the centre of a well-known city, one of the largest construction projects ever in Portugal is approved. On an area of approx. 45,000m², apartments, a hypermarket, as well as a 5***** hotel, offices, a retirement community and 800 underground parking spaces are to be built. On three underground levels, 800 parking spaces will be created, which are ideally suited for a Park&Ride thanks to the favourable location. Projected divsion Plot with project for the construction of a 79.965 sqm building, with different occupations. Proposed occupation areas • Stores – 9.150 sqm • Services – 2.065 sqm • Hotel – 7.950 sqm • Residential – 9.839 sqm • Equipment * – 16.045 sqm • Parking – 34.915 sqm * (Senior Residencies / Clinic / Student Accomodation/ etc.) Facts Land price incl. accured project costs: 36.000.000€ Land area: 9.834m² Investment volume incl. land: 127.000.000€ Cost estimation without ground: 70.000.000€ (All numbers are approximate) Project can be modified

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