record-breaking Mega Lisbon real estate venture available for purchase at a whopping €75 million price tag
Acciona's Urban Residential Project in Olivais Goes Up for Sale
Spanish construction giant Acciona has announced the sale of its urban residential project in Olivais, initially purchased for €38 million in 2019. The asking price for the land and project now stands at €75 million.
According to Spanish newspaper El Confidencial, Acciona has retained the services of the global real estate consultancy CBRE to broker the sale. The sales process, which began in March 2025, is accepting indicative proposals until the end of May 2025, with intentions to finalize the transaction by September 2025.
The project encompasses a variety of residential buildings, student accommodation, and 'flex living' projects, with a total buildable area of 71,304 m². The developments are intended to cater to diverse living needs within the urban setting.
Although not specified, it is believed that the sale includes the land on which the projects are to be built. The details of the transaction have yet to be finalized, and further information will be released as it becomes available.
[1] The current status of the Urban residential project by Acciona.[2] Mandated consultancy CBRE to manage the sale, with the process having begun in March 2025.
[1] Potential investors may be interested in the ongoing sale of Acciona's urban residential project in Olivais, which includes residential buildings, student accommodation, and 'flex living' projects, catering to diverse living needs within the urban setting.
[2] The global real estate consultancy CBRE has been commissioned by Acciona to broker the sale, with the sales process starting in March 2025 and indicative proposals being accepted until the end of May 2025, aiming for a finalization by September 2025.
