Sources: aicep Portugal Global

Swiss developer Solid Sentinel, of The Capvest Group, will build “Nooba”, a mega residential project, with prices “40 to 50% lower” than in Lisbon.

In the Setúbal district, more specifically in Barreiro, a mega real estate project will be built. It is called “Nooba” and is a project from the Swiss developer Solid Sentinel, which will invest up to €180 million.

There will be 518 flats, spread over nine buildings. Work on the first two buildings – 127 flats – will begin in early May and should be ready within two years, said investor Alain Gross, CEO of Solid Sentinel this Tuesday. The project should be completed within six to eight years.