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Lusa - Business News - Portugal: 'Feira Popular' sites to be put up for auction
Lisbon, Jul. 20 (Lusa) – Lisbon city hall has agreed to auction off four plots of land near Entrecampos at opening prices totalling €188.4 million.
The plots of land are in the site of the former ‘Feira Popular’ and the zone connecting Avenida 5 de Outubro to Avenida Forças Armadas.
The last time city hall tried to sell the Feira Popular plots in 2015, it set a base price of €135.7 million, which has now gone up to €160.5 million.
The sites at Feira Popular will have an underground car park and an urban logistics support infrastructure, while the other one in Avenida Álvaro Pais will be for services.
The city hall has not yet decided when the sites will go under the hammer and if they will all be sold at the same time.
FYM/ADB // ADB.
Lusa
Agency : LUSA Date : 2018-07-21 08:17:04
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