Krest Investments Launches New Luxury Condominium in Marvila, Lisbon
Developer Krest Investments has officially announced the launch of Formoso Marvila, a new closed condominium project located on Rua Vale Formoso in Lisbon, adjacent to the Braço de Prata station. The project specifications detail a residential complex comprising 49 apartments, with typologies available from one-bedroom (T1) to four-bedroom (T4) duplex units. The development is situated in Marvila, a district noted as one of the most creative and emergent areas within the capital city. The launch consolidates Krest Investments' focus on delivering high-end residential projects in the Portuguese market.
The architectural design of Formoso Marvila is signed by the acclaimed architect Ricardo Bak Gordon, known for his contemporary style. The project has been designed to offer a high level of exclusivity and comfort to its future residents through a comprehensive suite of amenities. These include a rooftop area with a heated swimming pool, a private gym and sauna, a residents' clubhouse, and dedicated concierge services. The development also incorporates private gardens, aiming to create a sense of well-being and seclusion within the urban environment. The project is being presented as a benchmark for modern living in a rapidly evolving part of Lisbon.
In a formal statement, Claude Kandiyoti, the CEO of Krest Investments, explained the vision behind the project. “Formoso Marvila was conceived as a space of exclusivity and well-being, which combines the best of contemporary architecture with a cosmopolitan lifestyle,” he stated. Kandiyoti further added that the project represents “more than apartments, it is an invitation to live Lisbon in a unique way.” This positioning underscores the developer's intent to create a unique residential experience that goes beyond the standard offering, targeting a discerning clientele that values design, comfort, and a connection to the city's vibrant culture.
The choice of Marvila is strategic, capitalizing on the neighborhood's ongoing transformation from a former industrial zone into a hub for creativity, technology, and modern living. The area's proximity to the Tagus River and its growing collection of art galleries, restaurants, and innovative businesses have made it increasingly attractive to both local and international buyers. The construction of Formoso Marvila is expected to proceed following the official launch, with a timeline for completion to be announced. The project's financing and regulatory approvals are in place, allowing for the commencement of sales and marketing activities. The development is a significant addition to the residential stock in eastern Lisbon, an area undergoing extensive urban regeneration.
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