27 Jun 23 news
Signal Capital, a private investment and asset management firm focused on the European market, and Sierra, a multinational fully vertically integrated international real estate player, have announced the development of a new and innovative mixed-use project in Lisbon, República 5. Located in one of the main city arteries, the project has a gross construction area of around 30,000 m2, divided into a residential component, an area dedicated to offices and retail space.
Colman McCarthy, Partner Real Estate, Signal Capital, said: “The República 5 development is not only an excellent investment opportunity, but also revives a project that has been on hold for decades in what is one of the most emblematic areas of Lisbon. Our goal to create a premium mixed-use project that responds globally to the concept of 15-minute cities is now being realised. We’ve built a great relationship with Sierra and Reify on this project and their experience and skill set has been invaluable. We are very excited to see the end result of this scheme that will certainly be a point of reference in Saldanha.”
Alexandre Fernandes, Executive Director of Development Management at Sonae Sierra said: “We are thrilled about collaborating with Signal Capital, a recognized partner with experience in real estate projects, to develop a unique concept in terms of quality, dimension, and sustainability. Together with Reify., we are fully committed to delivering our local knowledge and experience, making this project a successful investment and added value to the local community and the city of Lisbon.”
Located in one of Lisbon’s most prestigious neighbourhoods, in the vicinity of Saldanha, the new development will allocate its largest area, 11,600 m2, to flexible office spaces positioned over 12 floors, designed to accommodate different kinds of demand, plus around 250 parking spaces. The residential area occupies around 2,400 m2 of the total space, comprising 20 apartments with access from Rua de Picoas.
Conceived to achieve high standards of sustainability and guarantee excellent environmental and energy performance in line with the best ESG practices, the project’s design is human-centric, contributing positively to the physical and emotional well-being of all those who live and work there.
The contemporary and essential lines of the architectural project conceived by Saraiva + Associados create a serene and relaxing environment and represent a premium concept for República 5 that responds to the most recent urban trends. The project has been assigned to Reify., being responsible for Project Management and Coordination, Work Management and Licensing. With completion scheduled for the first quarter of 2024, the office leasing is being led by JLL and CBRE, and the residential component by JLL and Castelhana.
For more information about Republica 5, please visit: www.republica5.pt
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