New project! Invest on Lisbon’s Golden Mile
Last Updated on 1 October 2025 by Equipo Urbanitae
Urbanitae is opening a new investment opportunity in Portugal: the Barata Salgueiro 28 project, a capital-gains (equity) operation in the heart of Lisbon. Funding will open on Friday, October 3 at 12:00 p.m. (UTC+2).
One day earlier, on Thursday, October 2 at 1:00 p.m. (UTC+2), we’ll host a webinar with the project managers to cover all the details of the deal.
Luxury in Lisbon’s prime district
The project involves the refurbishment and change of use of an office building to create an exclusive residential complex with 13 high-end homes, a ground-floor retail unit, 30+ parking spaces, and premium amenities.
The property is located at Rua Barata Salgueiro 28, just steps from Avenida da Liberdade and Marquês de Pombal Square—right on Lisbon’s Golden Mile. It’s a prime location within the city’s financial core, fully established as a top-tier area with every service on the doorstep.
The managers: Adriparte and Osborne+Co
The project is led by a joint venture between Adriparte and Osborne+Co, two developers we’ve already worked with (on the Francos and Alexandre Herculano projects):
- Adriparte, with more than 40 years of experience in the Portuguese real estate market, specializes in rehabilitating historic buildings and creating contemporary residential spaces.
- Osborne+Co, an international group present in 25 countries with over £6 billion developed in real estate projects, brings scale, integrated management, and expertise in build-to-suit developments—i.e., projects in which the developer constructs an asset (typically offices, logistics centers, industrial units, or retail) tailored to the specific needs of a tenant or buyer.
This partnership combines local know-how and global capability to ensure a best-in-class development.
Preferred IRR for investors
The transaction is structured as equity with a capital-gains strategy via a capital increase. Urbanitae investors will participate with a contribution of €2,000,000.
It has been agreed that Urbanitae investors will benefit from a preferred return of 15% annual IRR. In other words, investors will recover their capital and that minimum return before the developer recoups its investment or receives profits.
In this video we explain the key points of the operation.
Why invest in Barata Salgueiro 28?
Key strengths of the Barata Salgueiro 28 project:
- Project in Lisbon’s prime area, next to Av. da Liberdade.
- Opportunity to take part in the refurbishment and change of use of an exclusive building.
- Best-in-class managers in the luxury residential market in Portugal and internationally.
- Preferred 15% annual IRR for Urbanitae investors.
- The developer is investing its own capital, aligning interests with investors.
Returns in 28–32 months
The estimated duration of this project is 28–32 months.
- Q4 2025 – Asset acquisition and start of works.
- Q3 2027 – Completion of refurbishment and handover of homes.
- Q4 2027 – Company wind-up and profit distribution.
If you have any questions, you can join the webinar on October 2 at 1:00 p.m. (UTC+2), write to contacto@urbanitae.com, or call (+34) 911 23 25 22. And if you’re already convinced, don’t miss the chance to invest in Barata Salgueiro 28 and take part in an exclusive residential project on Lisbon’s Golden Mile.
