Transaction / Assets 7-storey apartment building in FunchalSeller naBuyer Cristiano Ronaldo€ MM
Cristiano Ronaldo Acquires 7-Storey Apartment Building in His Hometown, Funchal
26 August 2019
Cristiano Ronaldo has acquired a 7-storey building in Funchal, the capital of Madeira, his hometown. The apartment is located in the vicinity of Carvalho Araújo street and has six above ground floors and an underground floor for parking. The footballer is apparently giving two of the upper floors to his mother, Dolores Aveiro, and his brother, Hugo. Further details of the transaction were not revealed.
Sources say that Ronaldo is considering using the other five floors as short-term tourist rental flats, given the building’s strategic location, halfway to the Monumental Estrada, an area with many luxury hotels.
Original Story: ABC – Francisco Chacón
Adaptation/Translation: Richard D. K. Turner