Martinhal Group plans redevelopment

 In News

A 13,000 m2 plot of land at Lisbon’s Parque das Nações is to be developed into luxury service apartments and holiday flats and an office block A second site, the former Universidade Independente, will become an international school.


The Martinhal Group, owned by resort and hotel entrepreneurs Roman and Chitra Stern, and which includes the Martinhal Beach Resort and Monte da Quinta (Quinta do Lago) in the Algarve, Quinta da Marinha in Cascais and Martinhal Lisbon Chiado in Lisbon is to develop a luxury hotel and residences, a purpose-built, state-of-the-art office block for insurance company Ageas and an international school at derelict land on Lisbon’s Parque das Nações.

The new 12-storey office building will be the new Lisbon headquarters of insurance group Ageas after the Belgian multinational which operates in 14 countries world-wide decided to move all of its Portugal operations to one new building which will also house commercial space at street level.

The Martinhal Group will develop the Martinhal Residences in a luxury project which is a mix between a serviced apart-hotel with 50 holiday units and 100 luxury homes with typologies ranging from open-plan studio flats to five bedroom apartments and duplex suites.

Five companies with experience in operating international schools in China and the Far East, at least one of them British, are interested in a plan to develop an international school with sports, leisure and auditorium facilities on the site of the former Independente which has been closed since 2007. The projects are expected to be up and running within three years.