Savoy Residence's New Venture in Lisbon
Savoy Residence is set to make its first move outside Madeira, investing over 50 million euros in a luxury apartment building located in the heart of Lisbon. The project, which will feature 59 upscale apartments, is scheduled for completion in the first quarter of 2026.
Future Plans
While the Lisbon project marks a significant milestone for Savoy Residence, the company has indicated that it does not intend to stop here. Plans are reportedly underway for further expansions, including exploring opportunities in Porto. This strategic move aims to capitalize on the growing demand for luxury living spaces in Portugal's urban centers.
Investment Details
The 50 million euro investment underscores a strong commitment to enhancing the real estate landscape in Lisbon, providing high-end accommodations to meet the needs of both local and international clientele. The development is part of a broader trend of increasing investment in Portugal's real estate market, driven by a surge in tourism and expatriate interest.
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