In the heart of Lisbon, on the historic Rua D. Carlos I in the Santos neighborhood, rises a building that has long been part of the capital’s urban landscape. Of traditional architecture, with plenty of charm and a stunning view over the Tagus River, the property was recently transacted, in a process conducted by Savills’ Capital Markets department.

The Savills team was responsible for the sell-side advisory process, identifying the most suitable investor for this asset of unique characteristics, which awaits a rehabilitation capable of reintegrating it into the life of the city.

With a total area of around 5,000 sq.m distributed over five floors above ground, the property comprises four vacant floors intended for residential use and one retail floor, consisting of two commercial units, one of which is occupied.

It benefits from a prime location in the city center, in a traditional and lively neighborhood that offers a wide range of commerce, services, and privileged access to the public transport network.

Bernardo Sá Nogueira, Managing Director of Clifford Street Advisors, states: “Savills was able to find the right investor at the right time, which led to the successful completion of the sale. We are very grateful for the work carried out.”

Mariana Represas, Capital Markets Associate Director at Savills Portugal, comments: “The D. Carlos I Building is an emblematic asset, located on one of the most vibrant axes of the city of Lisbon. Participating in this process was not only a stimulating challenge, but also an opportunity to contribute to the appreciation of urban heritage through the completion of an operation that reinforces the dynamics of the national real estate market. The commitment and experience of the Savills team were decisive in identifying the right partner for this property.”