Grupo Libertas Announces €24 Million Upon Harbor Development in Seixal with 5% Guaranteed Return
The real estate developer Grupo Libertas has announced a €24 million investment into a new four-star tourism and residential project on the Seixal waterfront, named Upon Harbor. The development is being constructed on the grounds of the former Mundet cork factory and is marketed as a turnkey investment opportunity with a guaranteed annual yield of five percent. This investment thesis is targeted at buyers seeking managed properties with predictable returns. The project is already experiencing high demand, with a significant portion of its units reported as sold prior to completion.
The Upon Harbor project will consist of 102 tourist apartments, with typologies ranging from studios (T0) to three-bedroom (T3) duplex and loft units, totaling 248 beds. The starting price for an apartment is listed at €275,000. The investment model includes full property and rental management by the operator StayUpon, which is the entity guaranteeing the 5% annual profitability to owners. This structure is designed to appeal to investors who prefer a hands-off approach to property ownership. The development's concept combines the site's industrial history with modern design and amenities.
The architectural design is being led by the TIP office, under the direction of Tiago Palmela, with interior design managed by Atelier Catarina. All apartments will be delivered fully furnished and equipped, including kitchens and reversible air conditioning systems. On-site facilities will include a panoramic rooftop swimming pool and bar, a private gym and sauna for residents and guests, dedicated event rooms, and a restaurant named Ebulição. The project's location is a key feature, situated just a 16-minute ferry ride from Lisbon's Cais do Sodré terminal, offering direct access to the capital while being positioned in the rapidly developing waterfront of Seixal.
This project follows Grupo Libertas's previous successful redevelopment of another part of the Mundet factory, signaling the company's continued focus on transforming Seixal's industrial heritage into modern real estate assets. The full completion of Upon Harbor is scheduled for the end of 2025. The development is a significant addition to the Seixal bay area, contributing to the ongoing urban and economic transformation of the south bank of the Tagus River. The combination of a strategic location, guaranteed financial returns, and high-quality amenities positions Upon Harbor as a notable opportunity in the Portuguese real estate market. Explore investment strategies and opportunities at realestate-lisbon.com.
