Portuguese real estate investment manager Norfin will invest €80 mln in a private condominium with 168 units in Miraflores.
Located next to the Urban Park and with a privileged view over the Monsanto Natural Park, the Monview will be the first closed condominium in the area.
It will have a gross construction area of 24,325 m2 and will be divided into two towers, with 14 floors each, and a common area with more than 2,300 m2 of private gardens and amenities.
Already 80% of the 168 units booked, with typologies ranging from T1 to T3, T3 Duplex, T4 Duplex and penthouses.
Henrique Rodrigues da Silva, Norfin's COO, said: ‘Those looking for a house increasingly want to benefit not only from a good location and accessibility, but also from generous areas and the connection to nature, which in any scenario is an asset. In the case of Monview, we benefit from the connection to the Miraflores urban park and Monsanto, which is, as we know, the lungs of Lisbon.’
The development has a private parking lot, with more than 340 parking spaces, over three underground levels.
Added to this is a set of amenities, such as an outdoor pool, self-service laundry, gym, spa, playground, outdoor kitchen for groups, pet care station, and locker area for 24-hour/day packages.
Architect Sidney Quintela is responsible for Monview's architectural project, Alves Ribeiro is in charge of the construction work, Critical Path Managers for supervision and Quintela & Penalva and Castelhana for marketing.
Project financing will be provided by the Arrow Global fund in partnership with three private Portuguese investors from NXT Evolution Asset Management.
Construction work kicked off at the end of November and completion of the project is scheduled for the first quarter of 2025.