Chinese group buys land from Pedreira do Alvito
The old Alvito Quarry will become one of the largest real estate projects in Lisbon. This real estate project will have a building area of ??120 thousand square meters and foresees the construction of about 550 apartments, offices and even retail spaces.
Encosta da Tapada is the main intervention area of ??the Pedreira do Alvito Detail Plan, which covers 21 hectares in the parish of Alcântara and which was approved by the Lisbon Municipal Assembly on December 15, 2015, according to information provided by the led municipality. by Fernando Medina.
Since the Alvito Quarry was closed in the twentieth century, the land has been illegally occupied and degraded. For this reason, the EMGI Group's € 300 million investment includes “land purchase value, infrastructure, architectural and other specialty projects, construction work as well as all other costs inherent in the promotion process”.
Source: Dinheiro Vivo
Pedro Carreira, Sales Manager