The story surrounding the Castilho 203 building began to be told in 2016, when Vanguard Properties (VP) bought it, in a public tender, to Estamo, for 12.5 million euros, as he tells idealista / news José Cardoso Botelho, director general of the promoter. Now, five years later, the building has been rebuilt – it has gone from being an office to a residential one – it is finished and sold completely: there are 19 luxury apartments, one of which It is a penthouse with an outdoor pool that is considered the most expensive apartment in Portugal, and Cristiano Ronaldo will be the buyer. This is a promotion full of exclusive details, both in the common areas and inside the apartments. The views over Lisbon are really impressive.
The guided tour of Castilho 203, carried out by idealista / news, It begins with the indoor heated pool, fitness center, spa room, and movie theater. Everything on the ground floor, a kind of “zone” for leisure. Of course, future residents and their respective companions have at their disposal a whole series of comforts. However, as soon as you enter the building, in the lobby, the imposing and exclusive piece by the Portuguese artist José Pedro Croft stands out, a kind of “game” of mirrors that adds even more refinement to the space.
Next, on the eighth floor, is the outdoor pool, which can also be accessed by all residents and guests. The views of the city are, in themselves, impressive, but if we add to this factor that there is a swimming pool with an infinite horizon … the idea of being in a paradisiacal setting in the heart of Lisbon gains strength.
The visit ends on the eleventh floor, in a three-bedroom apartment that would make ordinary mortals envy.. The light enters without asking, the wood and the white tones are obvious and from the balcony you can see practically every corner of Lisbon.
A landmark in the city
In an interview with idealista / news, José Cardoso Botelho reveals that this is the third property that VP has bought in Portugal – the first was Terraços do Monte. The renovation works were carried out by Mota-Engil and the project was designed by the ARX Portugal studio of the architects José Mateus and Nuno Mateus.
“We have innovated several things, such as the opening of the gable on the south side, which allows us to create apartments with 360-degree views and with different views over Lisbon. It is a building that claims to have a level of excellence, finishes and decoration that has never been seen before. seen in Lisbon, the super ‘premium’, “he says.
According to the person in charge, the construction and sale began in June 2018, with the deadlines having been slightly delayed. “The pandemic only delayed some supplies that were underway, because the factories closed, but that was not why it was delayed. The point is, this building is peculiar. It was quite a complex job, but the result exceeded our best expectations. “.
José Cardoso Botelho highlights, for example, the quality of the finishes, in particular the window frames, and praises the quality of the interior decoration: “We have worked in the common areas as if it were a hotel, all with unique and exclusive pieces by renowned artists, to give a different level of comfort than normal in a quality residential building. For example, we have windows of more than five meters high. height. It is a timeless building, but nothing ostentatious, that is to say, discreet within its monumentality. It is a reference point in the city. ”
The last two available apartments in Castilho 203, two with three bedrooms – one on the 4th and one on the 5th floor – were recently sold to a foreign national (yes, he bought both). “It is the only building we have [el VP] where the largest proportion of buyers are foreigners. There is only one Portuguese here. This building has won the affection of the Brazilian clientele, accustomed to this type of luxury services. And this location is strategic “, argues the person in charge, underlining that those who invested in Castilho 203 did so with the aim of living there.
The most expensive apartment in the country could be even more expensive
José Cardoso Botelho says he has no doubts that the 7.2 million euros paid for the penthouse – which will belong to Portuguese soccer player Cristiano Ronaldo – could be even higher, taking into account the unique characteristics of the property. Even so, he considers that the “title” of the most expensive apartment in Portugal is unlikely to be dethroned.
“The objective was to finish the work with the building sold. My idea was that it would not be sold until it was finished, especially the Sky Flats [apartamentos por encima de la piscina, es decir, a partir de la 9ª planta]. We have already received requests from people who would pay much more, because they see the final result, but since it was our first project to be delivered, we thought it was better not to. I always trusted that this building was going to be something exceptional, very different from what it looks like, “he says.
Regarding sales prices, the CEO of VP says that vary, approximately, between 11,000 euros per square meter, in the smallest apartments, and 30,000 euros per m2, in the aforementioned attic. “Today I am convinced that if I had asked for 40,000 m2 or 45,000 m2, I would have sold it anyway, for a simple reason, these types of flats are unique, they are worth what the person wants to pay,” he concludes.
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