Estamo to Sell 42,000 M2 Plot of Land in Lisbon

9 May 2019Richard D. K. Turner

According to an article in Economia Online, Estamo, Portugal’s state-owned property company, has placed a plot of land in Olivais, in northern Lisbon, on sale for 34.9 million euros. Almost half (29,000 m2) of the larger area is slated for parks and green spaces, with a mixed-use development on the rest comprising residences, offices and facilities on the remaining 42,000 square meters. Plans for the site consist in the construction of three buildings, including a 30-floor, 135-meter tower with 550 parking spaces. The other two buildings would have five and two floors, respectively, with an additional 460 parking spots.

Original Story: Economia Online