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News Release

Lisbon

New prime residential project Estrela 24 is emerging at Calçada da Estrela

Apartments are being sold by JLL/Cobertura


​At Calçada da Estrela, near to the Portuguese Parliament city block, is rising a new residential project, offering eight apartments that bring refinement, sophistication and quality targeting a cosmopolitan public. Lapa/Estrela area is considered one of the most traditional and best residential locations in Lisbon, associated with an image of great prestige and social status, mostly seeked by the Portuguese upper class, but also by foreign people who lives and works in Portugal.

Estrela 24 is aimed either for potential buyers who want the apartments for their own use, or for those who intend to acquire it for investment, including domestic and international markets. The sales process is in charge of JLL/Cobertura, who is very confident on the potential of this project, that is being developed by Estrela 15 company.

“This is a project with a unique location on the traditional area of Estrela, benefiting also from its proximity to the waterfront zone, where are currently emerging some of the most attractive leisure and restaurant Lisbon’ offers. Besides that, the apartments are distinguished by its good looking and the careful on the choice of the materials and finishings, which provides them a distinctive personality. Such combination, associated to a proposal of competitive value, gives us very good perspectives about the sales success, taking into account also the interest that we have been feeling even before the official launch of the sales”, says Patrícia Barão, Head of Residential at JLL.

“What we wanted to create is a unique high-end project, since the building is not a big building and only has 8 apartments, and due to it’s incredible location. We did everything possible to create something special that is hard to find in Lisboa. From our experience worldwide and in Lisbon we know this is not a simple task.
This is why we have been working with the ARX artitectural office, with the best builders and with the best materials possible- all in order to create that added value unique projects like this one have”, ends Or Arnon, representative of Estrela 15 - Global Fund Investments, promotion company of this project.

Located on the converging point between Calçada da Estrela and Correia Garção street, Estrela 24 includes 8 apartments of T1 typology (from 60 sqm) and T2 (from 90 sqm). The building is being refurbishment, which will allows it to recover its historic charm while providing comtemporary comforts in day-to-day. The works should be concluded in 2nd quarter of 2017.