9 May 2020 – Vanguard Properties will begin work on a major new mixed-use development in Oeiras. The new complex, baptised the Foz do Tejo, will include homes, offices and hotels and is expected to be completed within five years, in an investment of approximately 280 million euros.
The Foz do Tejo will be built on a 30-hectare plot of land located at Alto da Boa Viagem, in Jamor, in Metropolitan Lisbon. The initial phase of construction will see the development of 400 flats, 25 single-family houses, about 28,000 square meters of offices and stores, a 150-room hotel, a 400-flat aparthotel and an additional building with stores and services. The complex will give residents access to an international sports and events centre, with tennis courts, paddleball, and a gym. The Foz do Tejo development will be divided into two areas: the Alto do Farol, with single-family homes, a 19th-century palace and a series of refurbished buildings with services and retail stores. The second, Alto do Rio, will consist of three 18-story apartments blocks, with homes ranging from 2-bedroom to 6-bedroom flats, along with a hotel and an aparthotel. The developer has stated that 94% of the land will remain as parks and gardens, open to the public. Original Story: Economia Online
- Rita Neto Image: D.R. Translation/Summary: Richard D. Turner