Private real estate company Habitat Invest has teamed up with Patron Capital Partners on a €120 mln residential development in Almada, Portugal.
Located in Rua José Carlos Lírio next to Parque da Paz, Almar South Living will consist of 514 apartments, divided in 5 to 8 floors of 13 buildings, targeting families.
The property will also feature additional amenities such as equipment and services focused on leisure, sustainability and health.
Habitat Invest’s largest investment so far will be developed by architects Saraiva + Associados, in three phases, extending over an area of 9,600 m2, with a construction capacity of around 51,000 m2.
The first phase of construction will start by the end of the year, with the delivery of the first houses scheduled for 2025.
Duarte Soares Franco, commercial director of Habitat Invest, said: ‘Almar South Living is a very interesting project that comes to meet the demand for quality housing for the middle class, and that combines several attractions that make it inviting, such as the proximity to the center of Lisbon, but with the advantage of having nature and the beach nearby.’
Positioned on Almada’s South Bank, the new development will increase the residential supply in the Lisbon metropolitan area.
