Belgians will invest €90m in housing in Lisbon

Belgians will invest €90m in housing in Lisbon


The deal was closed about two weeks ago, according to Infante & Riu, which accompanied Besix RED in this operation. René Riu, co-founder and co-manager at the agency, comments that «the negotiations took more than a year due to the particulars of the transaction».

The Project Praça de Espanha will be developed in these terrains, with 34.000 sqm, spread out through 280 T0 (studios) through T5 (5 bedroom apartments) typologies, and 14.000 sqm below the ground, with 420 parking and storage spaces. It will also have a pool belonging to the condominium.

The Praça de Espanha project will be developed in two stages, according to Infante & Riu. Next to the São Lourenço Gardens, to the U.S. Embassy and to the Calouste Gulbenkian Foundation, the project is being developed by Nuno Leónidas’ architectural office. B to C agency will be responsible for marketing the apartments in a co-exclusiveness regime.

Besix group is one of the largest Belgian construction companies, with more than 2.300 million in revenue globally. The highest skyscraper in the world, the Burj Khalifa, in Dubai, is part of its portfolio. The Praça de Espanha project is their second project in Portugal.

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