Round Hill and TPG market Lumino
Round Hill Capital, the company specialised in real estate investment and asset management and TPG Real Estate Partners (TREP) have begun the marketing and sale of the Lumino residential development at Lisbon’s Campo Pequeno.
Castelhana and JLL will be responsible for the sale of the residential development which comprises high-quality apartments and student residences.
The project will breathe new life into the Campo Pequeno (Bullring) district of Lisbon, a district largely first developed from the turn of the last century through to the1920s.
The development will introduce new infrastructures, green areas, commercial and leisure areas in a total cost of €150 million with completion slated for the second half of 2022.
TPG Real Estate Partners (TREP) is an international real estate capital investment company.
The project, which represents a €150 million investment will involve 39,000m2 of construction area, was first announced in 2018 and represents the first join transaction between Round Hill and TREP in the country.
Lumino, with its upper-middle class apartments, students residents, and a new shopping and leisure area with green spaces, will also sport a 15m rooftop swimming pool exclusively for the use of the residents.
The first phase of the development will have 97 residential apartments for sale, all with the latest modcons and balconies overlooking Campo Pequeno.
Designed by Saraiva+Associados and by the specialist in student residential design, TP Bennett, the project was designed to complement and emphasise the surrounding urban landscape while using materials that reflect Lisbon’s famous light while ensuring that it perfectly integrates within the surrounding area.