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ACCIONA to construct residential block near Lisbon for €26M

  • The Gestilar Residences Miraflores project is in the town of Oeiras, some eight kilometres from the Portuguese capital

The real estate developer Gestilar has awarded ACCIONA the contract to construct a residential building in the town of Oeiras (Portugal), in the region and district of Lisbon, some eight kilometres from the centre of the Portuguese capital. The Gestilar Residences Miraflores project has a budget of €26 million and is expected to take 23.3 months to complete.

The building, for residential use with 111 apartments, will be in one of the most developed parts of the town, with views over Miraflores Park, Monsanto Park and close to the Algés riverbank. Gestilar Residences Miraflores has a total of 13 floors, plus an additional floor for commercial premises and four underground car parking levels. The roof of the building will have a swimming pool, a sundeck and a gym.

Seventy years of experience

ACCIONA began operating in Portugal in 1948 and has consolidated its presence in the Portuguese market having won contracts for iconic infrastructure projects such as the Alqueva Dam, Lisbon Oriente Station and the Infante Dom Henrique Bridge. The company also has 25 water treatment plants and five drinking water treatment plants, including the Faro-Olhão wastewater treatment plant in the Algarve.

At the start of this year, Aguas do Algarve (AdA) awarded ACCIONA the contract to operate, conserve and maintain the sewerage systems of the Nascente zone (between Vilamoura and Vila Real de Santo António) in the Algarve region of Portugal, with a budget of nearly €42 million.

The company has 165.5 MW of capacity in operational renewable energy assets in Portugal, of which 119.7 MW is wind energy (19 wind farms) and 45.8 MW comes from the Amareleja photovoltaic plant (Moura).

ACCIONA recently reached an agreement with the Vidrala group to supply renewable electricity to its two glass packaging plants in Portugal. The company has also launched its real estate business in the Portuguese market with various residential developments planned for Lisbon. Furthermore, last year ACCIONA launched its shared electric scooter service in Lisbon.

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