Criterion Capital is investing €80 mln in the construction of 126 flats in Miraflores near Oeiras, the first project of the UK property firm in Portugal.
Alma Gardens will consist of four residential buildings with four floors each, which should be completed in Q1 2025.
Sustainability is a major feature, with air source heat pumps for water heating, communal solar panels and charging stations for electric vehicles.
Patrícia Clímaco, CEO of Castelhana, said: ‘It is a safe investment in a quiet area of Miraflores, distinguished by its exclusivity, by offering residents of each building a swimming pool for adults, a pool for children and a rooftop gym, parking with pre-installation of electric charging and storage rooms. This project is designed for families who wish to live close to the centre of Lisbon, surrounded by nature and enjoy all the comfort and convenience of being close to the best schools, in an area well served by transport, accesses and services.’
Darija Zivni Aziz of Criterion Portugal added: ‘The flats at Alma Gardens are full of natural materials and light that provide a peaceful haven to relax, with views over the city and the river. The sleek and modern interiors communicate with generous balconies through large glazed sliding doors, providing the perfect connection between the interior and exterior of the flats.’
The location features excellent accessibility that allows travel anywhere within Lisbon in a few minutes, while Cascais is 30 minutes away.
Castelhana Real Estate is responsible for the marketing of Alma Gardens and already 80% of the flats have been sold.
