RE Capital and REIG Announces the Acquisition of a Groundbreaking Residential and Commercial Development in Oeiras, Lisbon

RE Capital, the property company specialising in repurposed real estate in Europe’s cosmopolitan cities, and its investment partner Real Estate Investement Group (REIG) is thrilled to announce the acquisition of the Oeiras Tech City [from Novo Banco], a groundbreaking mixed-use development in the heart of the Oeiras municipality, near Lisbon.

 

This ambitious project, set on a 93,000 m² plot with a Gross Construction Area of 82,000 m², promises to be a cornerstone in Lisbon’s urban expansion, offering a unique blend of residential, co-living, services, and retail spaces. The development is set to redefine modern living, catering to the emerging trends of remote work and new living preferences, while adhering to the highest Environmental, Social, and Governance (ESG) standards.

 

Strategically located in one of Lisbon’s key expansion areas, Oeiras Tech City benefits from its proximity to major business hubs and is poised to become a vibrant new neighbourhood. The project is adjacent to Tagus Park, one of Portugal’s most prominent office parks, and is a short drive from Lisbon and Cascais, offering unparalleled connectivity and convenience.

 

The master plan for the development, crafted by the award-winning architects Broadway Malayan, reflects a future-forward vision incorporating flexible and efficient buildings, a testament to RE Capital’s commitment to sustainable and innovative urban planning.

In realising this complex transaction, RE Capital was guided by the expert legal counsel of PBBR, whose diligence and expertise were instrumental in facilitating a smooth acquisition process. Their comprehensive legal advice and support reflect the sophistication and attention to detail that RE Capital values in all its endeavours.

Furthermore, Liberdade Capital played an integral role as the buy-side advisor, providing strategic insights and financial expertise that were critical to the successful closure of the deal. Their in-depth understanding of the market and dedication to client service ensured that the best interests of all parties were served in the acquisition of Oeiras Tech City.

 

Margarida de Ordaz Caldeira, Architect, 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.”