Yard Properties enters Portugal with a €13.5 million project in Lisbon
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Loading... - Danny Jones
- 25 Oct 2022
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Yard Properties, owned by Israeli businessman David Rabbi, entered Portugal with a €13.5 million project in Lisbon and has two more in its portfolio, in the residential area, which could reach €71 million.
In a statement, the real estate investment and promotion company indicated that its first development, on Avenida 5 de Outubro, in the capital, has its structure completed and “the construction — in charge of the company Alves Ribeiro — should be completed in February 2023. “, and “the property offers 18 luxurious apartments, with two and three bedrooms, as well as a stunning five-bedroom duplex apartment on the top of the building”.
According to the same note, the Israeli businessman believes that the apartments “will be fully sold by the time of completion of the works, given the good pace of sales and demand that he has seen”, and “buyers of the sold fractions are both foreigners and foreigners”. , of different nationalities, such as Portuguese”.
In addition, Yard Properties has “two new residential projects under evaluation whose global investment amount will amount to 71 million euros” and plans to release them soon.
According to the same note, “the creation of the company in Portugal reflects the confidence that the Israeli entrepreneur places in the national real estate market and in its potential”. Read More...
