Elegant Group invests €130 million in Parque das Nações
The Elegant Group, held by Martinhal Hotels & Resorts, is investing €130 million in three projects in the Parque das Nações area.
They are the Martinhal Residences, an office building purpose-built for the insurance giant Ageas and an international school – United International School of Lisbon – on plots of land once occupied by the former Universidade Internacional on Avenida Gomes da Costa. The international school will be able to take 800-900 pupils from the 1st to 12th grade.
According to information from Diário Imobiliário, the Martinhal Residences is the fifth residential-hotel development from the group. The Martinhal Sagres, the group’s pioneering project in Portugal and the first five-star resort in that region of the Algarve, was launched 15 years ago and with it the Martinhal Group created a new concept of luxury family holiday resorts.
After the Sagres project, the Quinta do Lago, Martinhal Lisbon Cascais Resort and Martinhal Chiado projects followed.
The Martinhal Residences, an architectural project by Eduardo Capinha Lopes, is the latest urban apartment development from the group. Located on the far western side of Avenida D. João II, on a hill with a view over Parque das Nações and the River Tagus estuary, the project offers various attractive investment options designed for multi-generational and family living.