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Lisbon City Council seeks to raise almost 14 million euros with sale of real estate assets

20 June 2017 – MadreMedia / Lusa

The Lisbon City Council is seeking to raise 13,844,900 euros through a public auction of five building units, five parcels of land, and two smaller plots of land.

According to information disclosed on the municipalities website, five building units located in the parishes of Santa Maria Maior (Residência Martim Moniz and Rua Áurea), Lumiar (Rua Bento Jesus Caraça) and Misericórdia (Rua do Vale) will be sold at public auction, to be held at 10 am on July 14th in the Campo Grande municipal building.

The base prices run from 90,000 to 434,300 euros.

The five parcels of land are located in Belém (Rua Horta e Silva, Rua Dom Jerónimo Osório and Rua Gregório Lopes), in the Parque das Nações (Rua Conselheiro Lopo Vaz) and in Santa Maria Maior (Rua Áurea).

Here the base prices vary from 630,400 to 5.94 million euros.

Also included in the public auction are two smaller lots of land located in the Quinta dos Alcoutins, in the Lumiar parish, which have a base price of 370,000 and 400,000 euros.

The municipality states that applications must be sent by registered mail delivered by the candidates or their representatives by 1 pm on July 13.

Original Story: Sapo24

Translation: Richard Turner