Oeiras Tech City

A 400 million venture, 1,000 housing units, and a vision of the city of the future is emerging next to Taguspark

Those passing through the Taguspark area in Oeiras have already noticed: there is a construction site, earthworks, machines at work, and the first signs that something big is happening. It's not just another business park or a simple housing complex. We're talking about Oeiras Tech City (also known as Oeiras City), the largest project in Portugal by RE Capital / REIS – Real Estate Investment Strategies (a pan-European real estate investment company) and one of the most ambitious real estate developments in Greater Lisbon.

This project promises to put 1,047 houses on the market, in a concept that mixes housing, coliving, services, commerce, and green areas, involving a total investment of 400 million euros, with completion scheduled for the 4th quarter of 2030. 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 the real estate portfolio of Novo Banco, 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 in Taguspark, where they already had more than 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 transaction, RE Capital received legal advice from PBBR and financial consultancy from Liberdade Capital.

A City Within the City

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

The project includes:

• Residences: about 1,000 units for different profiles, namely for sale and rental, according to the Built-to-Sell and Built-to-Rent concepts
• 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 architectural firm Broadway Malyan, a British company with a studio in Lisbon for almost 30 years. The Portuguese team, led by Margarida de Ordaz Caldeira, consists of 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 prioritizes 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 choice of location was not by chance. The development is located right next to Taguspark, one of the largest business parks in Portugal, where dozens of technology companies and multinationals operate. Taguspark currently represents an ecosystem with 19,000 professionals, 190 companies, 30 startups, and 360 hectares. The proximity reinforces the argument of connection to qualified employment, technology, science, higher education, services, and culture, infrastructures, and good communication routes.

Those living in Oeiras Tech City will have:

• Quick access - Lisbon and the airport just a few minutes away by car. Proximity to the Cascais Line, Oeiras town, and Sintra;
• Quality education within short distance - Instituto Superior Técnico (Taguspark campus), Universidade Atlântica, Oeiras International School, International Sharing School, Faculty of Medicine, etc.;
• Business ecosystem - All the infrastructure of Taguspark around the corner;
• Leisure facilities - Such as the Oeiras Green Valley - Municipal Golf Academy (located right in front of Oeiras Tech City and opened in June 2026) and the João Cardiga Equestrian Academy and Center (a short distance away);

Status Update: Works Have Already Begun

Although official statements from the developer and specialized websites recently mentioned the project in the "plotting phase" or "early planning stages," the truth is that the works have already advanced. Those passing through the area see machines at work, earthworks, and the assembly of the construction site. This means that the project is underway and is in the urbanization and infrastructure phase, to later start the construction and commercialization of the apartments.

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 prepared.

Impact on Oeiras Municipality

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

• 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 Northern Caxias Detailed Plan (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 homes, 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 Developer's 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 800 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 is strong in the build-to-rent segment - building for rent - something that is 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 scheduled for the end of 2030, Oeiras Tech City will accompany us in the coming years. The main steps to follow 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 keeping an eye on 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 site of RE Capital / REIS about the project
• Press release of the acquisition
• Broadway Malyan (architecture)

This article was updated with information available in June 2026. The state of the works mentioned is based on direct observation of the site.