New Lisbon Mega-Project 'Campo Novo' Offers Luxury Apartments Up to €1.8M
Foreign investors have a new high-end opportunity in Lisbon with the 'Campo Novo' development, a transformative project in the Campo Grande area. Backed by US fund King Street Capital Management, this project combines luxury residences, offices, and a bustling commercial center, with apartments priced between €700,000 and €1.8 million. With one-bedroom units already sold out, demand is proving to be exceptionally strong.
The development is strategically designed to be a self-contained, modern neighborhood. The first phase, completing this year, delivers 135 apartments and a significant portion of the commercial and office space. The project's appeal is enhanced by its extensive amenities and prime location with excellent transport links.
What Foreign Investors Need to Know"Campo Novo represents a top-tier investment in a rapidly appreciating area of Lisbon," states a real estate consultant. "The combination of high-quality construction, comprehensive amenities like private pools and gyms, and a built-in commercial and dining scene makes it highly attractive for both long-term capital growth and the premium rental market." The high pre-sale rate of smaller units indicates strong local and international demand.
Actionable Steps for Today's Buyer- Act Quickly on Remaining Units: With T1 apartments gone, the available T2 to T4 units are prime assets for families or for generating high-yield rental income.
- Assess Rental Potential: The proximity to offices and the city center, combined with luxury amenities, positions these apartments to command premium rental rates from corporate tenants and affluent expats.
- Consider Commercial Space: The retail area, already 80% occupied, shows the commercial viability of the location. Opportunities may still exist for investors interested in retail or restaurant assets.
- Focus on Long-Term Value: As a landmark project, Campo Novo is poised to become a highly desirable address, ensuring strong long-term value appreciation for early investors.
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