Spanish company Acciona is putting the Urban residential project up for sale in Olivais. The land was initially purchased in 2019 for €38 million and is now for sale for €75 million.

The news was reported by the Spanish newspaper El Confidencial, which added that Acciona mandated the consultancy CBRE to sell the project, with the process having begun in March. The consultancy will receive indicative proposals until the end of May, aiming to finalise the sales process in September.

The project, the publication writes, includes the construction of several residential buildings, as well as student accommodation and ‘flex living’ projects, with a total buildable area of ​​71,304 m2.