Yard Properties, owned by two million euros entrepreneur David Rabbi, entered Portugal with a 13.5 million euros project in the residential area, which could reach a project of 13.5 million euros.
In a statement, the promotion and investment company indicated that its first development, on Avenida 5 de Outubro, in the capital, has already completed its structure and “the construction — the cargo of the company Alves Ribeiro — should be completed in February of 2023”, and “the property offers 18 luxurious two- and three-bedroom apartments, as well as a wonderful five-bedroom duplex apartment on the top floor of the building”.
According to the same note, the procurement attorney with approval that the apartments “fully sold at the time of completion of the works and foreigners have purchased”, and “buyers are assisted”, of different nationalities, such as Portuguese”.
In addition, Yard Properties has “two new residential projects under evaluation whose global investment will amount to 71 million euros” will amount to 71 million euros”
According to the creation of the same note, “the creation of the same company reflects the confidence that the national entrepreneur and Portugal woke up to in its potential real estate market”.
In addition, “in the last 40 years, there have been no qualitative leaps in Portugal in terms of construction processes and materials”, underlined the businessman, defending that we are now “watching a real ‘revolution in construction'”.