Marking a pivotal moment for Lisbon's real estate market, developer Avenue has officially commenced construction on NoLiPa, its flagship residential project in the highly sought-after Campo Grande district. The launch of construction, coupled with the release of two new buildings in its third sales phase, confirms the project's strong momentum.
With over 40% of apartments in the initial phases already sold off-plan, NoLiPa is demonstrating robust investor confidence and signaling a significant revitalization of this strategic central Lisbon neighborhood. Key Takeaways ✓ Construction is underway at NoLiPa, a landmark 465-apartment development set to redefine Lisbon's Campo Grande area.
✓ Exceptional market traction is evident, with over 40% of units in the first buildings sold off-plan well ahead of the 2027 completion date. ✓ The project is a joint effort of top-tier firms, including developer Avenue, constructor Mota-Engil, and architect Risco, ensuring high standards of quality and execution.
✓ With a strong focus on sustainability, including AQUA+ certification and integrated solar power, NoLiPa is positioned to attract environmentally-conscious buyers and deliver long-term value. The NoLiPa development is poised to become a new urban landmark for Lisbon.
Located adjacent to the expansive Campo Grande park, the project masterfully blends modern living with nature and art. The impressive early sales figures, achieved long before the scheduled completion at the end of 2027, underscore the deep market demand for high-quality, well-located new housing in the capital.
This strong buyer commitment significantly de-risks the project for new investors and points to a strong potential for capital appreciation upon delivery. For those exploring opportunities in the city, our comprehensive off-plan properties in Lisbon guide provides essential context.
The two newly launched buildings, Bétula and Olaia, further broaden the project's appeal. Bétula will house 127 apartments ranging from studios (T0) to four-bedroom (T4) layouts, with areas from 59 to 113 square meters and generous balconies.
Olaia adds another 88 units, also from T0 to T4, with floor plans spanning 43 to 186 square meters and impressive outdoor terraces. This diverse offering ensures NoLiPa caters to a wide spectrum of residents, from single professionals to growing families, enhancing its community feel and investment stability.
Market Implications for Investors The commencement of construction at NoLiPa is a powerful bullish signal for the Lisbon property market. For international investors, it represents a rare opportunity to enter a large-scale, master-planned community in a prime, consolidated neighborhood.
The fact that over 40% of the initial inventory was sold off-plan serves as a critical vote of confidence from the market, validating the project's concept, location, and pricing. This level of pre-construction demand is a key indicator of a project's future success and suggests a liquid resale market upon completion.
Moreover, NoLiPa's unwavering commitment to sustainability is a significant value driver. The pursuit of AQUA+ certification for water efficiency and the integration of photovoltaic panels for common area energy supply are not just marketing points; they are tangible assets that reduce long-term running costs and align with the growing global demand for environmentally responsible real estate.
As detailed in our guide on sustainability, such features are increasingly commanding a premium in the market and are crucial for future-proofing an investment. Key Players and Project Vision The credibility of NoLiPa is underpinned by the stellar reputation of the firms behind it.
Need Expert Guidance?
Get personalized insights from verified real estate professionals, lawyers, architects, and more.
Developed by Avenue, a leading name in Portuguese real estate, and constructed by the powerhouse Mota-Engil, the project benefits from a wealth of experience and a track record of excellence. The architectural vision, crafted by the acclaimed Risco studio, ensures a design that is both aesthetically striking and highly functional.
This 'dream team' of partners provides investors with a high degree of assurance regarding the project's quality and timely delivery. Aniceto Viegas, CEO of Avenue, articulated the project's ambition, stating, "NoLiPa enters a new phase of development...
[This] reinforces Avenue's vision of creating contemporary and sustainable neighborhoods that elevate the quality of urban life." The project's mixed-use design, incorporating 3,400 m2 of retail space and extensive green areas, is central to this vision, aiming to create a vibrant, walkable community where residents can live, work, and socialize. Campo Grande Market Context Campo Grande is a strategic and highly desirable Lisbon neighborhood, prized for its central location, excellent transport links, and, most notably, its vast public garden—one of the largest in the city.
The area is a hub for education and healthcare, hosting several university faculties and hospitals. The arrival of a development of NoLiPa's scale and quality is set to be a transformative catalyst for the area, further enhancing its appeal and driving property value appreciation.
Unmatched Location: Combines the tranquility of a large park with immediate access to the city's core and key infrastructure. Lifestyle and Amenities: Offers an exceptional quality of life with abundant green space, recreational facilities, and a mix of traditional and modern commerce.
A Catalyst for Regeneration: NoLiPa is not just a new building but a neighborhood-defining project that will spur further modernization and investment in the surrounding area. Deep and Stable Demand: The district is consistently popular among Portuguese families and international residents, ensuring a resilient and liquid real estate market.
Investment Considerations For investors, NoLiPa presents a compelling off-plan opportunity with a clear path to capital growth by its 2027 completion. The strong early sales performance provides a solid foundation for this appreciation.
The variety of apartment types across the new Bétula and Olaia buildings allows for tailored investment strategies. Smaller units are ideal for the high-demand rental market catering to students and young professionals, while the larger, family-sized apartments are perfect for the long-term rental or resale markets. Our investment analyzer calculator can help model potential returns.
The project's sales are being managed by a consortium of Portugal's top real estate agencies, including DILS, JLL, Porta da Frente, and Remax Collection. This blue-chip representation ensures a professional, transparent transaction process and gives international buyers access to expert market knowledge and guidance.
Securing a unit in this phase is a chance to invest in a landmark project at a relatively early stage. Future Outlook As NoLiPa rises in Campo Grande, it is set to become a benchmark for modern, sustainable urban living in Lisbon.
Its thoughtful design, strategic location, and the strength of its development team position it as one of the most significant residential projects in the city's recent history. The development's progress will be a key barometer for the health and direction of the Lisbon real estate market over the next few years.
This project solidifies Campo Grande's status as a premier residential district and a focal point for forward-thinking urban development in the capital. For expert guidance on securing an investment in this transformative project, contact realestate-lisbon.com.