Land

Residential project approved for 151 apartments in the center of Setúbal
Investment and real estate development opportunity in a central location in Setúbal, next to the Stadium and Bonfim Park.
The architectural project, approved in April 2026, provides for the construction of a residential condominium with 151 apartments, approximately 13,614 m² of above-ground construction and 12,271.65 m² of saleable area.
The distribution by typologies favors the segments with the greatest demand in the residential market:

• 28 T0 apartments;
• 54 T1 apartments;
• 57 2-bedroom apartments;
• 9 3 bedroom apartments;
• 3 apartments T4.

More than 90% of the offer is concentrated in T0, T1 and T2, allowing it to attract young professionals, couples, small families, rental investors and first-time home buyers.
Project Features
The development was designed as a contemporary residential complex, with outdoor spaces, leisure areas and private parking.
The project includes:

• a communal swimming pool;
• six private pools associated with differentiated units;
• 189 parking spaces in basement;
• 24 storage rooms;
• 38 public parking spaces;
• outdoor areas, balconies, terraces and private gardens.

There is also the possibility, foreseen in the project, of increasing the above-ground construction area by up to 5% through covered balconies, representing an additional potential for appreciation to be analyzed by the future developer.
The architecture is approved and the specialty projects are under preparation.
Located on Rua Almeida Garrett, in Bonfim, the project benefits from a consolidated, central area that is particularly well served by transport, commerce and services.
The Setúbal Transport Interface, which integrates the railway and bus terminals, is less than 300 meters away. The location allows direct connections to Lisbon, the Sado Line and different areas of the city and the Setúbal Peninsula.
In the immediate surroundings are:

• Bonfim Stadium;
• Bonfim Park;
• local shops, cafes, pastry shops and restaurants;
• supermarkets and pharmacies;
• schools and educational establishments;
• banking, clinical and day-to-day support services;
• Meliá Setúbal hotel unit.

Bonfim Park, practically in front of the project, is one of the main central green areas of the city, offering spaces for walking, leisure and informal sports.
Avenida Luísa Todi, the historic center and Praça do Bocage are also within walking distance, providing access to restaurants, commerce, public services, cultural facilities and the riverfront.
The Livramento Market, one of the commercial and gastronomic references of Setúbal, reinforces the attractiveness of a location where most of the daily needs can be met on foot.
Alegro Setúbal, the city's main shopping center, is just a few minutes away by car or public transport and brings together hypermarkets, cinemas, restaurants, commerce, technology and services.
Access to the A12 and A2 allows quick connections to Lisbon, the rest of the South Bank, the Algarve and the main national roads. The river terminal also provides a connection to Tróia.
The combination of centrality, pedestrian mobility, public transport, private parking and road access is an important commercial argument for the future sale of the apartments.
Investment potential
The project brings together several characteristics particularly valued by real estate developers:

• approved architecture and ongoing specialties;
• sufficient scale to optimize construction costs;
• possibility of phased development;
• strong concentration in typologies T0 to T2;
• private parking and leisure areas;
• central location and close to major transportation;
• product aimed at different segments of buyers.

According to the economic and financial model developed for the asset, the project has the potential to achieve an Internal Rate of Return of more than 25%, depending on the acquisition price, construction costs, financing structure, work schedule and sale values actually achieved.
A residential opportunity of relevant scale in the center of Setúbal, combining an approved project, good mobility, proximity services and a product aligned with the segments of greatest demand.