• Transaction / Assets
    Level Constellation buys Clinica de Todos os Santos building
  • Seller
  • Buyer
    Level Constellation
  • € MM

Level Constellation Buys the Clínica de Todos os Santos Building

29 August 2017

The company backed by Chinese capital has announced the second phase of its investments in Portugal by purchasing the Clínica de Todos os Santos building in Lisbon.  The company plans to transform the building into city-flats.

The building located on Rua Gonçalves Crespo (near the Liceu Camões and the new headquarters of the Judicial Police), right in the centre of the Portuguese capital, has a size of about 4000 square-meters. The project will be aimed at young professionals wishing to live in the city centre.

In a statement, company representatives say it may be part of a new Level Constellation operation, to be announced in 2018, which, if confirmed, will mean an incursion into new types of investments, in a policy of diversification.

Since the company was founded in 2014, it has already built and delivered 27 fully-equipped apartments at the Park Avenue development, all sold. It also has three urban renovation operations in progress: Ouro Grand, which has 57 residential units and two commercial spaces, on the Rua do Ouro, the OFF Liberdade development, which will have 14 residential units and one commercial space, on the Rua do Salitre and the building on 40 Avenida da República. Added to these investments is the building where the Clínica de Todos os Santos operates.

Original Story: Diário Imobiliário

Translation: Richard Turner