RE Capital and REIG Announce Acquisition of Groundbreaking Residential and Commercial Development in Oeiras, Lisbon

January 2024 – RE Capital, a renowned property business focusing in repurposed real estate in Europe's cosmopolitan cities, and its investment partner Real Estate Investment Group (REIG) have announced the acquisition of Oeiras Tech City. This innovative mixed-use development, located in the heart of Oeiras municipality in Lisbon, aspires to convert the region into a lively urban core by combining residential, co-living, service, and retail areas.

The vast project is located on a 93,000-square-metre property with a gross construction area of 82,000 square meters. This large development is set to rewrite modern living, with an emphasis on meeting future trends like remote work and flexible living arrangements while adhering to the highest Environmental, Social, and Governance (ESG) standards.

Oeiras Tech City is ideally located in one of Lisbon's important development zones, near to Tagus Park, Portugal's premier corporate hub. Its great position allows easy access to both Lisbon and Cascais, making it a popular choice for both residents and enterprises. The development's connection, sustainability, and community participation make it a potential cornerstone of Lisbon's urban expansion.

The master design, created by award-winning architectural company Broadway Malyan, exemplifies RE Capital's dedication to creative urban development. The design features adaptable and efficient buildings that strike a mix between modern aesthetics and utility, guaranteeing that the development can adapt to changing urban demands.

The acquisition process was expertly managed by PBBR, whose legal counsel ensured a smooth transaction, highlighting RE Capital's meticulous attention to detail and dedication to excellence. Liberdade Capital served as the buy-side advisor, providing essential strategic insights and financial expertise throughout the acquisition.

Margarida de Ordaz Caldeira, Architect and Head of the Lisbon Studio at Broadway Malyan, emphasized the project's significance: "Oeiras Tech City is more than just a development; it is a blueprint for the future of sustainable living." Our design concept combines modern architecture with the realities of tomorrow's urban living, establishing a new benchmark for environmental and social responsibility.

Newman Leech, CEO of RE Capital, commented on the broader vision for the project: "Oeiras Tech City embodies our commitment to blending modernity with sustainability, creating an environment that resonates with the evolving needs of today's urban dwellers. This project truly reflects our passion for delivering exceptional quality and value."

Olivier Hezelot, Head of Europe at RE Capital, emphasized the project's significance for the company's European portfolio: "The Oeiras Tech City project is a milestone event, proving our capacity to turn landscapes into vibrant ecosystems. This development is more than just structures; it is about creating a sustainable community and setting new norms for living and working conditions."

Nuno Santos, Head of Portugal at RE Capital, emphasized the project's creative nature: "Oeiras Tech City represents a new era of urban development, creating a space that goes beyond traditional living and working concepts." This project is poised to set a standard for ecological and creative living in the Lisbon Metropolitan Area."

RE Capital, REIG, Oeiras Tech City, Lisbon, mixed-use development, residential and commercial, sustainability, ESG standards, Broadway Malyan, PBBR, Liberdade Capital, Newman Leech, Olivier Hezelot, and Nuno Santos.