Lisbon's New Amenity Trend: How In-House Automated Stores Are Driving Property Value
For foreign investors in Lisbon's competitive real estate market, a new trend is emerging that directly impacts property value and tenant appeal. A startup named 'Corner' is embedding fully automated, 24/7 convenience stores within office buildings and residential condominiums, offering a powerful new amenity that enhances lifestyle and convenience. This innovation is a key differentiator for properties looking to attract high-value tenants and residents, including expats and digital nomads.
These compact, staff-less stores provide immediate access to over 500 products, from daily groceries to ready-to-eat meals, all within a private, secure environment. The company has already launched successful pilots in premier Lisbon locations, including the Torre Infinity luxury condominium and the corporate offices of OutSystems and Millennium BCP, proving the concept's appeal in both residential and commercial settings.
What Foreign Investors Need to KnowThe introduction of services like Corner represents a shift towards integrated living and working spaces. According to a real estate analyst, "Amenities that offer tangible convenience are no longer a luxury; they are an expectation. For investors, properties equipped with these 'life-as-a-service' features can command higher rents and achieve lower vacancy rates." The model is designed for scalability, with plans to expand to 10 locations in the next year and 20 annually thereafter, targeting high-end residential and commercial buildings.
Actionable Steps for Today's Buyer- Evaluate Amenities: When considering a property, look beyond the basics. Inquire about integrated services like automated retail, which can significantly boost rental appeal and ROI.
- Target Modern Developments: New and renovated buildings are more likely to incorporate these innovative features. Focus on developments that prioritize technology and convenience for residents.
- Calculate Value-Add: The presence of an in-house convenience store can justify higher rental pricing. Factor this into your financial projections as a clear value-add that enhances the living experience for tenants.
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