Rua Castilho 15
|Acquisition Date:||April 2006|
|Ownership:||Managed on behalf of Mare Nostrum Capital Managers for Drago Real Estate Partners Ltd.
|Description:||Residential building including retail units on the ground floor located in the city centre of Lisbon with a total area of 5,440 sqm and 62 parking spaces.|
|Business Plan:||Located in the heart of Lisbon's city centre (near Liberdade Street). The original business plan contemplated the refurbishment of the main façade and adding 3 new floors to the current structure.
Drago obtained the Town Hall's approval to refurbish the building. The project contemplated 18 new high-end apartments of different types, such as 2 bedroom apartments (127 sqm) and 6 bedroom duplex apartments (420 sqm).
Rua Castilho is also one of the most demanded streets by high-end retailers and Drago currently offers two excellent retail units that have areas of 182 sqm and 228sqm respectively.