Located in one of the main city arteries, the project has a gross construction area of around 30,000 sq m, divided into a residential component, an area dedicated to offices and retail space.
“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 realized. We’ve built a great relationship with Sierra and Reify on this project and their experience and skill set have been invaluable. We are very excited to see the end result of this scheme that will certainly be a point of reference in Saldanha”, says Colman McCarthy, Partner Real Estate, Signal Capital.
Located in the vicinity of Saldanha, the new development will allocate its largest area, 11,600 sq m, 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 sq m 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, designed by Saraiva + Associados, 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.
“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”, adds Alexandre Fernandes, Executive Director of Development Management at Sonae Sierra. “Together with Reify., we are fully committed to delivering our local knowledge and experience, making this project a successful investment and adding value to the local community and the city of Lisbon.”