PLMJ – Law Firm has recently launched “Lisbon Investments & Avenida Luxury Retail Projects”, a specialised service to provide legal support for the development of real estate projects and the setting up of luxury retail stores in the city of Lisbon, in particular in the Avenida da Liberdade, Baixa and Chiado corridor.
For the head of the real estate practice, Tiago Mendonça de Castro “the city of Lisbon and, in particular, Avenida da Liberdade, has seen huge development of its potential to attract new real estate investments, in particular, urban rehabilitation projects that bring dynamism to the city centre as well as projects to set up international luxury brands. This, together with the strong demand and dynamism in the sector, is the reasons behind PLMJ's creation of a specialised team to handle these specific types of projects.”The “Lisbon Investments & Avenida Luxury Retail Projects” is aimed at real estate investors and retail operators who want to carry out projects involving urban rehabilitation, construction, real estate investment, setting up and licensing of retail stores for international brands and luxury items, hotels and restaurants in the city of Lisbon. The service focuses specifically on the Avenida da Liberdade/ Baixa/ Chiado conservation area, which is subject to its own set of specific commercial and legal rules.
This innovative service is provided by a multidisciplinary team of lawyers from PLMJ’s real estate, town planning, construction, commercial licensing, consumer, employment and tax law practices. The PLMJ team is recognised in Portugal and internationally as the leader in the country for advice on real estate investments, retail activities and licensing of commercial establishments and has handled multiple projects of this type.Tiago Mendonça de Castro adds that “the PLM J real estate, construction, retail and tourism team has handled numerous projects of this nature and, today, benefits from great experience and in-depth knowledge of the specific and particular legal, regulatory, contractual and commercial requirements for any investment projects in these locations. It provides a broad set of specialist legal services in a coordinated and integrated way. This makes it possible to optimise and execute every aspect of the investments made by our clients in this prime zone of the city of Lisbon.”
PLMJ's real estate, construction, retail and tourism team is one of the largest in the country. It has around two dozen lawyers who work exclusively in these sectors of activity. They provide a full range of legal services to Portuguese and international clients, dealing with the structure, contractual framework and development of their real estate and commercial investment projects in Portugal, Angola and Mozambique. In recent years they have focused, in particular, on handling projects involving the urban rehabilitation of buildings and setting up new stores for leading Portuguese and international brands that sell luxury items or operate hotels and restaurants in the city of Lisbon.