REC LX News 091123

 

REC LX News 091123

 

REC LX News 091123

 

RE Capital Secures Use Licence for its €98 million LX Living Project

09 November 2023 – RE Capital, the property company specialising in repurposed real estate in Europe’s cosmopolitan cities, is proud to announce the successful obtainment of a Use License for its LX Living Project in Amoreiras, Lisbon. This licence enables the commencement of deeds and facilitates prospective homeowners to acquire their new properties in this award-winning new development of 150 apartments.

This progress brings the company closer to helping buyers secure their dream home in one of Lisbon’s most anticipated residential developments. Now in its final stages, the €98 million GDV LX Living Project is a shining example of RE Capital’s commitment to delivering exceptional residential offerings to discerning homeowners.

Earlier this year, LX Living was honoured with the Prémio Portugal Sotheby’s International Realty at the annual Portugal Real Estate Awards. This achievement reflects the high standards and excellence that RE Capital consistently strives for in residential real estate development. LX Living is a mixed-use development in the heart of Lisbon’s Amoreiras area boasting 150 apartments, a gym, two swimming pools, a rooftop garden, and a public piazza with seven independent retail units.

John Neto Valente, Head of Investments at RE Capital, said: “We extend our gratitude to all stakeholders in this vital project phase. Our investors, banking partners, and future buyers have shown unwavering trust and support in RE Capital, for which we are immensely thankful. Their belief in our vision has been pivotal to reaching this crucial stage of the LX Living Project.”

Newman Leech, CEO of RE Capital, said: “The obtainment of this Use License is a symbol of the collective effort and persistent trust our investors and partners have invested into our highly-anticipated LX Living Project.”