Sérvulo & Associados Advises Sporting CP on €17 Million Alvaláxia Building Acquisition
The law firm Sérvulo & Associados has provided legal counsel to Sporting Clube de Portugal in the acquisition of the Alvaláxia building, a significant real estate transaction valued at €17 million. The property, located adjacent to the club's stadium in Lisbon, is slated for a major redevelopment that will include the club's new museum and new commercial spaces. This move represents a key investment in the club's infrastructure and a notable event in the Lisbon commercial property market.
The legal team from Sérvulo responsible for the transaction was headed by partner Sofia Carreiro, with support from partners Francisco Boavida Salavessa and Teresa Pala Schwalbach, consultant Carla Leandro, and associate Ana Beatriz Gonçalves. In a statement, the firm highlighted that the legal advisory was a result of “close collaboration between the corporate, tax, financial, and real estate departments,” reflecting the multifaceted nature of the deal.
The acquisition of the Alvaláxia building received overwhelming approval from the club's members during a General Assembly held on October 5, 2024, at the Pavilhão João Rocha in Lisbon. The proposal, presented by the club's board a month prior, was passed with 96.09% of favorable votes, demonstrating strong support for the strategic initiative.
This purchase is a central component of the larger 'Cidade Sporting' (Sporting City) project. According to the club, the newly acquired space will complement the extensive remodeling works already in progress on the west side of the Estádio José Alvalade. Further development is planned for the east side of the stadium for the 2026/2027 season, which is expected to “enrich the offer and the experience for fans and visitors.”
The plan to repurchase and redevelop the Alvaláxia building was outlined in the club's strategic plan for the next decade, which was released last year. Sporting had previously sold the commercial asset in 2007 under the presidency of Filipe Soares Franco. The reacquisition is seen as a strategic reversal, aiming to consolidate the club's assets and enhance its physical footprint in a prime area of the capital.
This investment signals a strong commitment to long-term development and is expected to have a positive impact on the surrounding area, potentially influencing local property values and commercial activity. The project illustrates a trend of major institutions in Lisbon reinvesting in their core assets to create modern, multifunctional spaces that serve a wider community and generate new revenue opportunities.
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