Alma Development Secures a 20-Million Investment in Its First Project in Greater Lisbon
ALMA Development, a real estate developer active in the residential markets of the Lisbon and Porto metropolitan areas, unveiled the model apartment for Caxias Heights, its first residential project in the Lisbon region, representing an investment of approximately 20 million euros.
The presentation marks a new phase in the development of this private condominium located in Oeiras, allowing potential buyers to gain a concrete understanding of the project’s value proposition. Currently in an advanced stage of construction, the Caxias Heights is aimed primarily at families seeking high-quality housing in the premium segment.
Carlos Morgado, CEO of ALMA Development, highlights the strategic importance of the project:
“Caxias Heightsrepresents our first investment in Greater Lisbon, and the choice of Oeiras was intentional. It is one of the municipalities with the highest quality of life in the country and is becoming increasingly attractive to families. This project reflects our ambition to develop distinctive residential solutions in prime locations. By providing an immersive experience, the model floor allows future residents to envision their daily lives at Caxias Heights, reinforcing their confidence in ALMA Development’s proposal.”
CARLOS MORGADO – CEO, ALMA DEVELOPMENT
Located in Caxias, in a prime location between Lisbon, the sea, and the main thoroughfares of the Cascais line, Caxias Heights consists of 24 apartments, ranging from three-bedroom to four-bedroom duplex units, and offers a full range of support services, amenities, and recreational facilities for its future residents.
The development stands out for offering a balanced combination of central location, mobility, and a peaceful residential environment. Located in one of the municipalities with the highest quality of life in Greater Lisbon, the project also benefits from surroundings rich in green spaces, cultural and recreational facilities, as well as proximity to landmarks such as the Oeiras Seafront Promenade, Jamor, and the beaches along the coast.
The model apartment, designed as a three-bedroom unit, showcases some of the project’s key features, namely spacious and well-balanced areas tailored to different family dynamics; functional and well-organized layouts, with a clear separation between social and private areas, while ensuring a seamless flow between spaces.
Also noteworthy are the spacious balconies, designed as a natural extension of the home, allowing for natural light, ventilation, and a connection to the outdoors; as well as the high-end finishes and fixtures, which meet the demands of contemporary families in terms of comfort, functionality, and energy efficiency.
According to Filipe Santos, CBDO at ALMA Development:
“Caxias Heights was designed as a true family-oriented development, where every detail is tailored to the need for greater safety, tranquility, and quality of life. Set within a gated community, it offers a safe and serene environment, deeply connected to nature, striking a balance between privacy and well-being. More than just a development, it represents a lifestyle designed for everyday family life, where it’s possible to grow, share, and live with more time and freedom.”
FILIPE SANTOS – CBDO ALMA DEVELOPMENT
Designed to prioritize comfort, functionality, and well-being, Caxias Heights features four separate entrances that house the 24 apartments, ensuring privacy and exclusivity. The three-bedroom units range from 145 to 180 m², and the four-bedroom duplexes range from 208 to 230 m², featuring spacious outdoor areas and views of the Tagus River in some units.
The range of amenities reinforces this value proposition, including a heated outdoor pool, a gym for residents’ exclusive use, a multipurpose room, coworking spaces and phone booths, a children’s play area, outdoor areas designed for families, extensive green spaces, and charging stations for electric vehicles.
At the same time, the condominium features a landscaping project that has been carefully designed to enhance its integration into the natural surroundings of Caxias.
“With Caxias Heights, ALMA Development is strengthening its presence in the upper-middle-income segment, distinguishing itself through its ability to develop projects that combine design, functionality, and a prime location. This development aims to establish itself as one of the leading residential projects in Oeiras, meeting the growing demand for housing solutions that combine quality construction, comfort, and long-term appreciation.”
FILIPE SANTOS – CBDO ALMA DEVELOPMENT
The project is scheduled for completion in the first quarter of 2027, marking ALMA Development’s first residential investment in the Lisbon region. The company is also evaluating new development opportunities in Greater Lisbon. Founded four years ago and backed by Luxembourg-based Panhard International S.A., ALMA Development currently hasmore than 200 million euros in urban multifamily projects in its portfolio. In addition to Caxias Heights, the portfolio includes Essence in Porto, which is in the final stages of construction; Jardim dos Moinhos in Vila Nova de Gaia; and a fourth project in the Northern region ready to move forward.