Marvila: a hidden gem in Lisbon’s East End19 November
Lisbon never ceases to surprise. After booming Intendente, design-led Santos and Avenidas Novas have changed their fortunes, turning the city into a melting pot of great investment opportunities, ever-changing contemporary lifestyles and creativity. Now, it is time for Marvila to shine.
Marvila, along with its neighbour Beato, is Lisbon’s emerging tech and creative hub and it is here where the world’s largest start-up campus- Hub Criativo do Beato - will call home. Next year, the first phase will open, offering over 32,000 sqm of working space, which will immediately take it to the size of Station F in Paris which is currently the largest start-up campus in the world. Once it is complete, Hub Creativo do Beato will offer an impressive 100,000 sqm of start-up space.
In Marvila, co-working spaces like Work Hub, creative studios, art galleries, craft breweries and trendy restaurants are already starting to pop up all over. Yet prices here are still affordable, with even the best opportunities still ranging €4,000 to €6,000 per sqm.
Strategically located between Parque das Nações (Lisbon’s expo area where Web Summit takes place) and the historic centre, Marvila used to be a ghost town, a relic of a long lost industrial past that used to linger between the newly built Parque das Nações area and the elegant downtown (Baixa). However, it is now the equivalent of the Meatpacking District in New York or Shoreditch in London.
Hundreds of millions of euros are already being invested here and in Beato. It will see over €3.5bn in investment over the next 5 years and is set to become Europe’s next great tech and creative hub. It is estimated that more than 3,000 newly built exclusive apartments will soon populate the narrow, traditional streets of Marvila which too are undergoing an exciting period of revitalisation. Thanks to its burgeoning tech scene, car-free areas and smooth mobility to any part of the city and beyond, Marvila is a great location to call home. Plus, this neighbourhood is ideal for investors as it is possible to generate long-term rental yields of up to 5%.
Considered the booming East End of Lisbon, it offers, for now, prices up to 50% lower than in several locations in the historical centre which is just 15-20 minutes’ drive away. Beato and Marvila are thriving Lisbon neighbourhoods where the smoky industrial vibe, old tenants and a neverending street labyrinth is giving place to a network of creative spaces and renewed buildings. Creativity and production walk hand in hand in this district, where companies from all over the world gather to share new ideas, invest and seize business opportunities.
Lisbon still has many unfolding secrets and one of those is a new co-working area that will shake up the local economy: the Hub Criativo do Beato. Soon, more than 3,000 jobs will be available with this upcoming creative area.
With the Tagus riverside as the perfect scenery, the Hub Criativo do Beato, an enormous compound with a very generous amount of space, inherited from the past industrial times, will accommodate several national and international companies that thrive in the technology innovation and creative industries. The first installations for the Hub Criativo will be ready in a year, housing internationally renowned brands such as Super Bock or Mercedes Benz.
The first phase will comprise 20 buildings distributed among more than 32,000 sqm and the whole project will eventually span more than 100,000 sqm in the upcoming years. Hub Criativo do Beato will house the next big entrepreneurial businesses that will shake the city and put it on a pedestal as a world player.
Another great investment in this area is the Hospital de Lisboa Oriental - a colossal, brand new health centre which offers more than 875 beds and adheres to the highest standards of patient care.
The Marvila’s industrial aesthetic collides with its vibrant lifestyle as well, a tasteful contrast where craft beer shops, like Musa, futuristic galleries and art studios, such as Tomaz Hipólito Studio, and luxury stores such as Tem-plate, where one can find the latest designs from Maison Margiela, Comme des Garçons, Loewe or Acne.
This is a place where an overflowing, exhausted business city centre takes a break and returns to a state of clarity and pure creation. Marvila is the place for “future” thinkers!Find out more about the exclusive new launch of Jungle Lofts properties where nature meets the industrial city.