Portugal

Sonae Sierra sells 38 luxury houses in 18 months in the centre of Lisbon

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 13/11/2026, 06:41:24 UTC.

Briefings

Sonae Sierra sold 38 luxury apartments in Lisbon's center within 18 months via the Pulse project, valued at 40 million euros total. The 38 units were sold between 2024 and 2026, with only two penthouses remaining available. The project cost over 40 million euros to renovate the São João de Deus building and was financed through a mix of private and bank capital. Sales were driven by Portuguese buyers and foreign investors, primarily from the US, UK, and France. The company reported a consolidated profit of 109.8 million euros after accounting for 48.2 million euros in foreign exchange losses.

Key points

• Sonae Sierra sold 38 luxury apartments in Lisbon's center within 18 months via the Pulse project, valued at 40 million euros total.
• The project cost over 40 million euros to renovate the São João de Deus building and was financed through a mix of private and bank capital.

Context

The Pulse project, promoted by Sonae Sierra, was developed by architects Francisco Aires Mateus & Reify. Sales were conducted through Christie's Porta da Frente, with the first keys expected in December 2026. The company reported a consolidated profit of 109.8 million euros after accounting for 48.2 million euros in foreign exchange losses.

Limitations

Specific sale prices for individual units were not disclosed, though a T1 was estimated at 500,000 euros per square meter. The exact number of foreign buyers and their specific origins beyond the major countries is not fully detailed. The timeline for the completion of the two remaining penthouses is confirmed for the first quarter of 2027, but no further sales data beyond the 18-month period is provided.

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