290
290
  • Transaction / Assets
    six plots of land in Miraflores
  • Seller
    Oeiras City Council
  • Buyer
    Índice Plural
  • € MM
    14.5

Oeiras City Council Sells Six Contiguous Plots of Land in Miraflores

1 November 2019 – The Oeiras City Council managed to successfully auction off six plots of land this week, on its third attempt to do so.  The prior two auctions failed to attract any bidders. The plots, which are contiguous and sufficient to build 100 homes, were sold for 14.5 million euros, €500,000 above the base bidding price, to Índice Plural.

The plots of land were formerly the site of a shantytown, demolished in 2003. The six plots measure 2,195 square meters, 3,713 m2, 2,215 m2, 2,055 m2, 2,055 m2 and 2,130 m2. The land is located in Miraflores/Algés, in the Union of the parishes of Algés, Linda-a-Velha and Cruz Quebrada-Dafundo.

Original Story: Idealista

Adaptation/Translation: Richard D. K. Turner