The Martinhal Group, which owns family friendly resorts and hotels in Portugal including in the Algarve (Sagres), has announced its latest development project, the Martinhal Residences, should open in 2021.
The project comprises contemporary apartments on the east side of Lisbon by the Parque das Nações.
The award-winning Elegant Group, which was responsible for the Martinhal Family Hotels & Resorts, has adapted the successful buy-to-rent scheme to the new properties planned for Lisbon’s modern neighbourhood which grew up around the former Expo 98 site.
The project brings together luxury family life, great comfort and conveniences, and excellent services in a modern and bustling zone of Lisbon.
The Martinhal Residences will feature an indoor pool with showers and changing facilities, a daily cleaning service, IT and maintenance services, restaurant, parking for cars and bicycles, a gym, kids’ club, babysitting service, a business centre with offices and meeting rooms, shops, laundry and dry cleaning service and events organisation.
The new residences have been designed by internationally acclaimed architect Eduardo Capinha Lopes.
The apartments will be “elegant and light”, with terraces and verandas, many with views over the river and Parque das Nações. The typologies range from studio flats to one-, two-, three- and five-bedroom apartments.
The luxury development, which places emphasis on high-quality design details and use of trees, will also include a select number of penthouses and duplex.
The apartments have been designed as an investment for rent, offering a 4% return in the first six years and up to 14 days use of the property per year for stays between September 20 and March 31.
The buyer owns the deeds of the property and can use its right-to-stay periods in other Martinhal Group properties.
The Martinhal Group developed this property investment opportunity with a view to its application as part of the Golden Visa scheme, which offers authorisation of residency in the EU and a fixed monthly rental income during the first six years of ownership.
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