New project: Barreiro Riverside Park

In the middle of the summer Capvest finalized the acquisition of 26 plots of land ideally situated on the banks of the river Tagus in Barreiro (Lisbon) in order to develop in several phases a residential project of 518 apartments. This ambitious project is aimed at the middle class of Lisbon who cannot keep up with the price trends of recent years in the heart of Lisbon, but who nevertheless wish to have access to individual property with quality apartments with ideal surface areas for families, all with direct access to a park-promenade located on the edge of the estuary and without any opposite. Access to Lisbon is by the main bridges of the capital or by the ferryboat terminal located 500 meters away by foot with a 15-minute river crossing for a drop-off in the heart of Lisbon.

The architect selected for the project is Miguel Saraiva, founder of the architecture studio Saraiva & Associados, renowned for its creative designs and winner of the Portuguese Pavilion for EXPO 2020 Dubai and BIM d’Or International 2018.

The project will be optimized in terms of sustainable development through a global objective of high environmental quality covering the entire life cycle of the buildings, from design to construction and long-term operation. With its integrated department S+A Green Lab, the engineers of Saraiva & Associados, have a recognized expertise in sustainable development, especially through the systematic consideration of passive architecture elements and the use of eco-materials allowing the implementation of technical solutions to reduce the energy footprint of buildings. For example, the buildings will benefit from an A energy label, optimized management of rainwater on the roofs to irrigate the outdoor parks, intelligent energy management in the common areas, and the systematic use of light and natural ventilation to optimize the overall energy efficiency of the building. The project will be entirely carried out in BIM to allow for construction optimization from the design stage.

This major development operation allows us to continue the development of our activities in Lisbon following our establishment in Portugal in 2014. It also allows the Capvest Group to cross the symbolic threshold of 1,000 residential units under simultaneous development in Switzerland, Canada and Portugal.

The acquisition was led by Anthony Pariset (COO The Capvest Group), Arch. Fausto Briosa (CapvestAdvis Portugal), Mario Miguel (Director CapvestAdvis Portugal) and Engi. Vasco Miguel (Senior Investment Analyst), with the active support of the two sponsors supporting this magnificent project, Magid Khoury (CEO The Capvest Group) and Alain Gross (Sogefonds).