Kronos Homes Finalizes €125 Million 'Distrikt' Residential Development in Lisbon
The real estate developer Kronos Homes has announced the successful completion of its large-scale residential project, Distrikt, located in the Parque das Nações area of Lisbon. This development represents a total investment exceeding €125 million and has already generated a sales volume of over €180 million, marking it as a major new addition to the city's property landscape.
The project specifications include four residential towers containing 214 apartments, with unit types ranging from one-bedroom (T1) to four-bedroom (T4). The development was designed by the acclaimed Spanish firm Morph Estudio. According to the developer, only 10 units are still available on the market. The average price point for these properties is around €800,000, with the most exclusive penthouse unit having been sold for more than €3 million.
The construction timeline has now concluded, and the project is ready for final resident occupation. The architectural design is a key feature, with the buildings rotated 45 degrees to optimize views of the nearby Tagus River. This focus on high-quality architecture and resident experience is a hallmark of the development. For potential buyers, understanding the quality of the build is paramount, which is why engaging with top-tier regulatory and legal frameworks blog.
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The development incorporates modern sustainability features, although specific certifications have not been detailed in the announcement. The project has had a significant local economic impact, contributing to the continued urban development of Parque das Nações, an area known for its modern infrastructure and international appeal. For more on the area, see our Lisbon Neighborhoods Guide.
Pre-sales activity for the project was exceptionally strong, leading to the high sales volume reported at the time of completion. This indicates robust market interest from both domestic and international buyers for high-quality new builds in prime Lisbon locations. However, investors should always consider the potential downsides, as outlined in our guide to new builds risks. The completion of Distrikt by Kronos Homes solidifies the developer's commitment to the Portuguese market and adds a significant new landmark to the Lisbon skyline.
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