24 September 2019 – Lace Investment Partners has sold a building in Lisbon at Rua da Boavista 83, to a European hostel chain for approximately seven million euros. The building has a surface area of 2,211 m2, with five above-ground floors, along with a 72-m2 patio. The new owner has already gotten municipal licensing to convert the residential building into short-term local accommodations.
Original Story: Construir
Adaptation/Translation: Richard D. K. Turner