RE Capital and its investment partner Real Estate Investment Group (REIG) acquired the Oeiras Tech City from Novo Banc, a mixed-use development in the heart of the Oeiras municipality, near Lisbon.
This project, set on a 93,000m² plot with a GCA of 82,000m², is located in Lisbon's expansion area, and offers a unique blend of residential, co-living, services, and retail spaces. It caters to modern living trends and adheres to the highest ESG standards. Adjacent to Tagus Park, it offers unparalleled connectivity and convenience. The master plan incorporates flexible and efficient buildings and a future-forward vision, reflecting RE Capital's commitment to sustainable and innovative urban planning.
RE Capital received expert legal counsel from PBBR and strategic insights from Liberdade Capital, which were critical to the successful acquisition of Oeiras Tech City.
Margarida de Ordaz Caldeira, Architect and head of the Lisboon Studio at Broadway Malyan, added "As an architect deeply invested in the future of urban spaces, I am proud to say that Oeiras Tech City is more than a development; it's a blueprint for the future of sustainable living. Our design philosophy interweaves the aesthetics of modern architecture with the functionality required for tomorrow's urban life. We are crafting spaces that inspire, connect, and endure, setting a new ecological and social responsibility paradigm in the built environment.”
Newman Leech, CEO of RE Capital, added: "Our vision for Oeiras Tech City is to blend modernity with sustainability, creating a harmonious environment that resonates with the evolving preferences of today's urban dwellers. This project truly reflects our passion for delivering exceptional quality and value to our partners, investors, and the communities we develop in."
Olivier Hezelot, Head of Europe at RE Capital, stated: "The Oeiras Tech City project is a pivotal moment in our European portfolio, showcasing our ability to transform landscapes into thriving ecosystems. This development is more than just buildings; it's about fostering a connected and sustainable community, setting new standards for living and working environments in Europe."
Nuno Santos, Head of Portugal at RE Capital, commented: "Oeiras Tech City represents the evolution of urban developments, creating a space that is not just a place to live or work, but a thriving community that caters to the dynamic needs of modern society. This project is set to become a benchmark for sustainable and innovative living in the Lisbon Metropolitan Area."
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