Oeiras Tech City

A 200 million development, a thousand houses, and a vision of the city of the future is rising next to Taguspark

Anyone passing through the Taguspark area in Oeiras will notice: there is land movement, machines at work, and the first signs that something big is happening. This is not just another business park or a simple residential complex. We are talking about Oeiras Tech City (also known as Oeiras City), the largest project by RE Capital in Portugal and one of the most ambitious real estate developments in Greater Lisbon.

This project promises to bring around a thousand houses to the market, in a concept that mixes housing, work, commerce, and green areas. All this on a plot of 93 thousand square meters, with a total investment of 200 million euros. The idea is to create a kind of "contemporary mini-city," designed for those seeking quality of life without leaving the orbit of Lisbon.

The Project in Numbers

How It All Began: From Novo Banco to RE Capital

The history of this land is curious. Originally, it was part of Novo Banco's real estate portfolio, specifically the "Eleanor" package, valued at 365 million euros. The bank even considered building its new corporate headquarters there — a project of 100 to 120 million euros — but eventually gave up due to licensing difficulties. They remained at Taguspark, where they already had over 500 employees.

In July 2025, RE Capital, in partnership with REIG (Real Estate Investment Group), purchased the land from Novo Banco for an estimated value between 35 and 40 million euros. In the operation, RE Capital was advised legally by PBBR and financially by Liberdade Capital.

A City Within a City

Oeiras Tech City is not just another gated community. The concept is to create a vibrant mixed-use neighborhood, where you can live, work, shop, and enjoy outdoor spaces without needing to drive.

The project includes:

• Residences — about 1,000 units for different profiles
• Coliving — shared housing for young professionals
• Commercial and service spaces — shops, restaurants, cafes
• Integrated green areas — outdoor spaces for the community

All this is designed to respond to new ways of living: remote work, sustainability, connected community. The goal is to create an environment where the transition between home, office, and leisure is natural.

Architecture with International Signature

The master plan for Oeiras Tech City was developed by the architecture firm Broadway Malyan, a British company with a studio in Lisbon for almost 30 years. The Portuguese team, led by Margarida de Ordaz Caldeira, has about 70 professionals and is responsible for iconic projects worldwide.

"Oeiras Tech City is more than a development; it is a model for the future of sustainable living. We are creating spaces that inspire, connect, and endure, establishing a new paradigm of ecological and social responsibility in the built environment."
— Margarida de Ordaz Caldeira, Head of Lisbon Studio, Broadway Malyan

The architecture favors flexible, modular, and efficient buildings, focusing on sustainability and the ability to adapt to future needs. The project follows high ESG (Environmental, Social and Governance) criteria, something that increasingly matters to investors and buyers.

Strategic Location: The Technological Heart of Oeiras

Aerial view of Tagus Park, next to which Oeiras Tech City will be implemented (Source: RE Capital)

The location choice was not random. The development is situated right next to Taguspark, one of the largest business parks in Portugal, where dozens of tech companies and multinationals operate. The proximity ensures access to quality jobs, infrastructure, and good communication routes.

Those living in Oeiras Tech City will have:

• Quick access to Lisbon (a few minutes by car)
• Proximity to the Cascais Line
• Instituto Superior Técnico (Taguspark campus) within short distance
• All the infrastructure of Taguspark around the corner

Project Status: Construction Has Already Started

Although official statements from RE Capital and specialized websites recently still referred to the project as being in the "subdivision phase" or "early planning stages," the truth is that construction has already progressed. Those passing by the site see machines at work, land movement, and the site setup. This means the project is underway and is in the urbanization and infrastructure phase, with apartment construction to start later.

The current phase, earthworks and land preparation, is crucial. It is at this stage that the foundations for the infrastructures (water, sanitation, electricity, telecommunications, roads) that will support the entire development are laid.

Impact on the Municipality of Oeiras

Oeiras Tech City will have a significant impact on the municipality. According to the project's Environmental Impact Assessment (AIA):

• Population: Settlement of about 1,476 new residents (2.5% increase in the municipality's population)
• Employment: Estimate of 3,279 direct jobs and 994 indirect jobs during construction
• Green spaces: Large component of integrated green areas in the project

The project was approved by the Oeiras City Council under the Plano de Pormenor Norte de Caxias (PPNC), which establishes urban conditions for the area. The classification of the area as a Mixed Zone in the Oeiras Municipal Master Plan facilitated approval, given the mixed-use nature of the development.

What Makes This Project Different

Oeiras Tech City stands out from other developments for several reasons:

Scale — With a thousand houses, it is one of the largest residential projects in Greater Lisbon.

Concept — It's not just housing. It's a complete neighborhood, with commerce, services, and community spaces.

Sustainability — Commitment to high ESG criteria, from construction to day-to-day management.

Location: Next to Taguspark, in an area already established as a technological and business hub.

Flexibility — Buildings designed to be adaptable to future needs.

The RE Capital Perspective

For RE Capital, Oeiras Tech City is the most important project in Portugal. The company has a portfolio of 1,500 planned homes, with an investment exceeding 600 million euros, and this development represents the centerpiece of that strategy.

"Oeiras Tech City represents the evolution of urban developments, creating a space that is not just a place to live or work, but a thriving community that responds to the dynamic needs of modern society."
— Nuno Santos, Head of Portugal, RE Capital

RE Capital's focus is on the build-to-rent segment — building to rent — something still relatively new in Portugal but common in other European countries. This model can be particularly interesting for international investors seeking diversification and medium to long-term returns.

What to Expect in the Coming Years

With completion expected by the end of 2030, Oeiras Tech City will accompany us in the coming years. The main upcoming stages will be:

1. Completion of earthworks and urbanization works
2. Start of construction of the first buildings
3. Launch of commercialization (probably in phases)
4. Gradual delivery of units

For those attentive to the Greater Lisbon real estate market, this is a project to follow closely. The combination of location, scale, and concept makes Oeiras Tech City a strong bet for the coming years.

Useful Links

• Official RE Capital site about the project
• Press release on the acquisition
• Broadway Malyan (architecture)

This article was updated with information available in March 2026. The project status mentioned is based on direct observation of the site.