Luxury tower flats going for €3,500 a square metre

in Business · 28-03-2018 14:38:00 · 1 Comments

The developers of a new tower block in the Campolide area of Lisbon say they expect to have a significant part sold before building work begins at prices of over €3,500 a square metre.

José Cardoso Botelho, general director of Vanguard Properties told Lusa News Agency that he expects all the properties in the €80 million project to have been sold before the tower is half-built and a significant part before work even begins.
He said the price of €3,500 a square metre could easily be beaten on the top floors of the tower. The 195 flats in the tower, range from single bedroom studios to six-room apartments, including duplexes, one of which is on the top floor and is already promised to a Portuguese buyer, he said.
The tower is residential only and includes various amenities such as swimming pools, a spa, garden, a padel court and a children’s area that are not common in other city centre buildings because they are relatively low.
The Campolide tower is to have 26 storeys above ground level, covering a total of 50,000 sqm of constructed area and it will have 352 parking places distributed over three underground levels.


For your information,
In Gothenburg they are currently constructing the tallest building in Scandinavia. It will be 245 metres tall. The top four floors were recently sold as a single flat to a price of 6.600.000 € which means 18.000 €/sqm. It's five times higher than in Lisbon! Are you sure your figures are correct?
Best regards,
Lars, living outside Coimbra

By Lars Trawén from Other on 29-03-2018 01:49
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