Transaction / Assets Building at 13 Praça Francisco Sá CarneiroSeller ImofundosBuyer AG Capital€ MM
Civil Registry Building in Lisbon to Be Converted into Housing
29 April 2019 – Richard D. K. Turner
Imofundos sold the building that once housed the Civil Registry’s service desk to AG Capital. The asset, located at 13 Praça Francisco Sá Carneiro, in the neighbourhood of Areeiro in Lisbon, will be converted into housing.
The asset has seven above ground floors, with a total gross construction area of roughly 5,000 m2, with approximately 3,700 m2 of above ground area. Rising prices in the region are attracting a series of Portuguese and international developers looking to convert offices into new residential developments.
Original Story: Diário Imobiliário
Translation/Summary: Richard D. Turner