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The Old Amusement Park Site in Portugal Will Be Auctioned Off

According to the Portuguese Economic Daily on October 16, the old amusement park site (Feira Popular) located in the Entrecampos district of downtown Lisbon will be publicly auctioned on the 20th of this month, covering an area of 143,000 square meters, with a starting bid of 135.7 million euros.

世贸通
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Portugal Immigration looks at Portugal Immigration Life: According to the Portuguese Economic Daily, on the 16th of October, the old amusement park site (Feira Popular) located in the Entrecampos district of downtown Lisbon will be publicly auctioned on the 20th of this month, covering an area of 143,000 square meters, with a starting bid of 135.7 million euros.

Portugal

 

According to the "Urban Planning Project" standards in Portugal, the aforementioned site can be used for four purposes: service locations, residential, commercial, and tourism. Among them, the commercial use cannot exceed 25% of the total area of the site, residential use must occupy between 25% and 35% of the total area, and green space must reach at least 30%.

The report indicates that there are currently at least four potential buyers, namely, Fidelidade (Portugal's Loyal Insurance Company), Ikea (Sweden), Blackstone (United States), and Lone Star (United States). The Chinese Fosun Group owns 85% of the shares in Fidelidade.

Investment involves risks, the above information is for reference only

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