Hipoges and JLL have completed the sale of the land for this new real estate project, which will have approximately 7,500 m2 of above-ground construction and 59 apartments.
This residential asset, covering about 7,500 m2 and culminating in the construction of 59 apartments, bears the signature of architect Regino Cruz, known for sustainable integration into the surroundings and maximizing the lifespan of high-quality projects for users and the community. The project also benefits from a premium location in the city of Lisbon.
The development has good access to the 25 de Abril Bridge and the North-South Axis, with excellent transport links and proximity to services and commercial spaces, forming an axis between Amoreiras and the financial district in José Malho. These factors are of great value to potential buyers of this real estate asset.
The sales process was already initiated by JLL in 2022, together with the servicer, but due to the complexity of the asset, the land sale was formalized during the first semester of 2023. The sale was completed with the current interests, and Hipoges played a crucial role in unlocking the sale and dealing with licensing processes with the Lisbon City Council.
According to Luís Filipe Silveira, Director of Real Estate at Hipoges in Portugal, this asset, besides “contributing to the urban modernization of the city, is above all a reinforcement of the success of the residential market program and demonstrates the high demand, identifying the need to invest in new developments to address the current housing issues affecting the national market.”
According to Gonçalo Ponces, Head of Development & Natural Capital at JLL, “Investor demand for assets intended for the construction of new developments has remained high and resilient. This is especially evident in the case of assets strategically located near major urban centers. This transaction confirms this demand, with the aim of developing projects that meet the needs of Portuguese families, offering modern and adapted housing solutions to the current reality.”
Read the original article: https://portugal.brainsre.news/hipoges-e-jll-concluem-venda-de-terreno-para-empreendimento-residencial-campolide-nova-goa/
