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29 APR 2020
Press Releases
VIC Properties starts construction of three more buildings at Prata Riverside Village
VIC Detail Image

This developer should complete the works on the entire project by the end of 2023.

Lisbon, April 29, 2020. VIC Properties SA (“VIC Properties”), the developer in charge of some of the biggest residential projects in Lisbon, started the construction of three more buildings at Prata Riverside Village, a project designed by the acclaimed Italian architect Renzo Piano.

Located right by the river, a few meters from the Tagus riverbank, and directly connected to Parque das Nações, Prata Riverside Village, considered the Best Real Estate Development in the Dwellings category in Portugal (SIL 2019 Award), keeps developing at an excellent pace of construction, witnessing a high level of demand from those wishing to live there.

“We are committed to developing the entire project quickly,” said Luís Gamboa, this promoter’s Chief Operating Officer, recalling that the company sticks to its plan of “finishing the works on the entire project by the end of 2023”.

During April, the promoter started the construction of a new building at Prata Riverside Village, and in May, works shall begin on another building, which together offers a total of 172 apartments. Further 107 apartments from another plot, already under construction, will be added and these three major works are due to be completed during 2021.

The second building of the project will be completed this year, consisting of 40 apartments, in addition to the first completed project, whose 28 apartments are already sold out and inhabited.

Prata Riverside Village offers ​​the perfect combination of location, architecture and urbanism, with apartments of different sizes – from single-room to 4-room apartments – and different usage profiles, along with several retail spaces, the first of which are scheduled to open in 2020.

The remaining works for this development are also underway, with special emphasis on the building that will be the heart of this neighbourhood, an area entirely dedicated to the retail activity, concentrating a comprehensive offer in the food business, as well as a fitness area, including swimming pool and/or SPA, for both the condominium and visiting community.

More than ever, Prata Riverside Village stands out for being a true urban village in the heart of Lisbon, with a real neighbourhood feel, quiet, but full of life. Prata inspires “a new way of living”, combining modernity and functionality with sustainable and durable materials technologies, and will be equipped with shops, restaurants, galleries, bicycle lanes and playgrounds catering for the needs of the resident community and attracting also visitors from other Lisbon neighbourhoods. All of this crowned by the Orient Riverside Park and with a unique link to the Tagus riverbank.