Transaction / Assets Teatro Sá da BandeiraSeller Porto City CouncilBuyer Livraria Lello€ MM 0
Livraria Lello Acquires the Teatro Sá da Bandeira in Porto
4 June 2019 – Richard D. K. Turner
The owners of the Livraria Lello, which helped inspire the Harry Potter children’s books, acquired the Teatro Sá da Bandeira in Porto for 3.5 million euros in a public auction. The bookstore also filed an application to challenge any tenants’ preemptive rights as the current occupant, Rocha Brito e Vigoço, openly considered the possibility.
The auction had a base bid set at 2.19 million euros, with the requirement that the property continue to operate in its current capacity as a theatre. The building has a constructed area of 2,945 square meters, on a plot of land measuring 1,960 square meters.
Original Story: Diário Imobiliário / Lusa