Vizta has acquired a plot of land with architectural plans for the development of a residential complex with a total gross floor area of 11,525 sqm, situated on a site of approximately 1,400 sqm.
Anidaport sold the plot of land, located on Rua Sarmento Beires in Areeiro, Lisbon, with advice from JLL.
The residential project envisages the construction of several apartments, ranging from one-bedroom to four-bedroom units, and an underground car park with 89 spaces. The gross floor area above ground is 7,921 sqm, with the remaining 3,604 sqm allocated to basement areas.
The property is situated near Praça Francisco Sá Carneiro, in Areeiro, benefiting from excellent transport links. The area also offers a wide range of shops, services, public facilities and higher education institutions. The residential concept stands out for its contemporary approach, featuring spacious outdoor areas.
“The acquisition of this property in Areeiro is part of VIZTA’s strategy to invest in central, established locations in Lisbon and Porto, where the quality of our project and its integration into the urban fabric will be key to creating value. This development will enable us to create a contemporary residential offering, designed to meet the expectations of a discerning market that prioritises central location, accessibility and quality of life. “We believe in the potential of this area of Lisbon and intend to contribute to its enhancement through a distinctive project with a strong architectural identity,” said Fernando Vasco Costa, CEO of VIZTA.
“The property in question was very interesting from a strategic perspective, which is why an architectural project was developed for residential purposes, enhancing its marketability. It has an excellent location, close to good transport links and well served by a public transport network,” said José António Machado of Anidaport, who was responsible for the sale.
Legal advice to Anidaport was provided by the Real Estate team at CMS Portugal. Legal advice to Vizta was provided by Pbbr.
