This is the conversion of two of the buildings that the municipality purchased from Social Security into a student residence with 208 rooms.
Lisbon City Council (CML) has approved the launch of the public tender for the conversion of two of the buildings that the municipality bought from Social Security into student accommodation with 208 rooms. According to the proposal, which was assessed in a recent council meeting, the basic price of the public tender is around 10 million euros.
The buildings that will be transformed into student accommodation are located on Alameda Afonso Henriques and Avenida Manuel da Maia, writes the Portuguese news agency Lusa, quoting a statement released by the councillor for Housing and Local Development, Paula Marques.
"All the real estate rehabilitation works are in progress, which in total will allow for another 250 affordable rental homes and this unit for students, in different points of the city centre (Viscount de Valmor, Campo Grande, Av. da República, Av. Estados Unidos da América and Alameda Afonso Henriques)", reads the statement. According to it, "the types of affordable housing range from T0 to T4 (studios to 4-bedroom apartments), with emphasis on T2 (142) and T1 (51) typologies".
In August last year, in a visit to one of the buildings, Marques also stated that 8 of the 11 buildings should be completed by the end of this year, but warned that the student residence will be the most complex and time consuming.
All of these projects are part of what is known as the "Programa de Reconversion de Edifícios da Segurança Social (PRESS)" (Programme for the Conversion of Social Security Buildings), due to the concentration of Portuguese Social Security services in a single building on Avenida 5 de Outubro and resulting in these initiatives that focus on affordable rental housing and university residences.
The council bought the 11 buildings for 57.2 million euros, but the investment made by Lisbon City Council will be 29 million euros since, according to Paula Marques, the 1st State Housing Programme co-finances part of the purchase.