468
468
  • Transaction / Assets
    4 Buildings in Lisbon
  • Seller
    na
  • Buyer
    Neworld and GMG Real Estate
  • € MM

Neworld and GMG Real Estate Acquire 4 Buildings in Lisbon

22 June 2019 – Richard D. K. Turner

The South African developer Neworld, which is currently building the LX Living development, announced that it had acquired another four buildings in Lisbon. Neworld, acting in conjunction with its partner, the Swiss-based GMG Real Estate, acquired buildings in Marvila, Parque das Nações and in the centre of Lisbon. The investors plan on building another 500 flats around Portugal’s capital city in a long-term total investment of approximately 200 million euros. The construction of new offices is also under consideration.

The developers have already sold two-thirds of LX Living’s 151 flats in Amoreiras.

Original Story: Dinheiro Vivo – Ana Sanlez

Photo: LX Living