The Palace Henrique Mendonça / Casa Ventura Terra, in Lisbon, will be sold by the State to the Aga Khan Foundation for 12 million euros, according to a resolution of the Council of Ministers published Monday in the Official Gazette.
Currently occupied by Nova School of Business and Economics, the Henry Mendonca Palace / Casa Ventura Terra, in Lisbon, will be sold by the State to the Aga Khan Foundation for 12 million euros. The Ismailis are committed to invest another six million euros in the rehabilitation and adaptation of the building and employ Portuguese architects for these jobs.
According to the resolution of the Council of Ministers, published in the Official Gazette in paragraphs 18 to 28, the fitting sale, closed two weeks ago, will now be the headquarters of the Aga Khan Foundation in Portugal – and the world’s first seat of this branch of Shiite Islam.
Translated from Portuguese via Google Translate – May 9, 2016