Revive and MOME Form Joint Venture for €140 Million Lisbon Residential Project
The MOME Group has entered into a strategic joint venture with the Revive Group to acquire a substantial plot of land in the Amial area of Lisbon, where a large-scale residential development is planned. The transaction, which involves an investment exceeding €140 million, was legally advised by Abreu Advogados, which managed all corporate and real estate transactional documentation. This move signals one of the most significant urban regeneration efforts in the Lisbon metropolitan area, aiming to deliver over 400 new housing units to the market.
The project specifications detail the transformation of a land plot measuring 11,884 square meters, with a total gross construction area of 33,410 square meters. The development is designed to be a sustainable, mixed-use urban neighborhood, intended to invigorate a part of the city that has seen growing interest from developers and residents alike. The law firm Abreu Advogados provided comprehensive support throughout the project's inception, including confirmatory real estate due diligence, regulatory analysis, and the structuring of project and sales management agreements. This level of legal oversight is critical for complex projects, a service that prospective investors can explore through specialists in due diligence.
The legal team from Abreu Advogados was headed by partner Maria Santa Martha, with support from partners Susana A. Duarte and Tiago Leote Cravo, senior associates Rui Cardinal Carvalho and Benedita Pessanha, and associates Mariana Brito e Esteves and Maria Eduarda Fernandes. Their involvement underscores the complexity and high value of the deal. "This joint venture represents a pivotal moment for urban development in Lisbon," stated a representative from the Revive Group. "Our vision is to create a vibrant, modern community that addresses the housing needs of local families while setting a new standard for sustainable living. The choice of Amial was strategic, reflecting our confidence in the area's growth potential."
The construction timeline indicates that building work is scheduled to begin in the fourth quarter of 2026. This preparatory period will be dedicated to finalizing the architectural design and securing all necessary planning permissions from municipal authorities. The extended planning phase ensures that the development will meet stringent environmental and quality standards, contributing positively to the local urban environment. For those tracking new build opportunities, keeping an eye on the city's roster of professional constructors can provide insight into the key players shaping the city's future.
Need Expert Guidance?
Get personalized insights from verified real estate professionals, lawyers, architects, and more.
The project's financing structure and investment partnerships have been established to ensure its successful completion. The development is aimed squarely at reinforcing the residential housing supply in Lisbon, a market that has experienced significant pressure in recent years. By creating over 400 new homes, the project is expected to have a notable impact on the local housing market dynamics. Analysts suggest that this increase in supply could help stabilize prices in the surrounding districts, offering new options for prospective buyers.
Regulatory approvals for a project of this magnitude are extensive, requiring careful navigation of municipal and national planning laws. The successful structuring of the joint venture and land acquisition demonstrates a high level of confidence from all parties in the project's viability and its alignment with Lisbon's long-term development goals. The focus on creating a 'sustainable, mixed-use urban neighborhood' also aligns with broader European trends towards greener and more community-focused urban planning, a topic often covered in regulatory and legal frameworks analysis.
The local economic impact is projected to be substantial, creating jobs during the construction phase and stimulating commercial activity in the Amial area upon completion. The introduction of new residents and modern infrastructure is expected to attract further investment into local businesses and services. There has been no official announcement regarding pre-sales activity, but market interest is anticipated to be high given the project's scale and strategic location. The development promises to enhance the residential offerings in a city that continues to be a top destination for both Portuguese residents and international investors. Monitor new development opportunities at realestate-lisbon.com.