Smart Studios Investing €130 Million in Co-Living Projects

11 February 2021

Smart Studios will move ahead with plans to invest more than 130 million euros in co-living projects over the next three years in Portugal.  The Portuguese company specialises alternative real estate, particularly for students and young professionals. Its portfolio currently consists of ten developments, nine of which are in Lisbon and one in Coimbra, with a total of 630 flats. Four-hundred and seventy are presently leased.

Construction of the co-living project at Asprela is expected to begin in two months. Near a university campus in Porto, the site should be operational in July 2022, with 280 rental flats.

The Alta de Lisboa project, which will have 637 studios and one-bedroom apartments, study rooms, co-working facilities, a cinema, restaurants, and parking for cars and bicycles is also scheduled to open in 2023.

In addition, the firm has projects planned for Areeiro and Príncipe Real, in Lisbon. Smart Studios also recently acquired a plot of land in Ajuda, in Lisbon, where it will construct a new 290-flat building.

Original Story: Idealista

Translation: Richard Turner