Famalicão Company to Build €38 Million University Residence in Lisbon

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A construction company based in Famalicão, Gabriel Couto, has announced plans to build a new university residence in Lisbon, with an investment of €38 million. This project will significantly enhance student accommodation in the city, providing modern facilities and amenities for university students.

The new university residence will consist of Buildings 2 and 3, designed by the architectural firm Saraiva + Associados. The project is part of a larger initiative to improve student living conditions in Lisbon, which has seen a growing demand for quality accommodation.

The development will also feature a parking facility with 500 spaces, catering to the needs of students and visitors alike. This comprehensive approach aims to create a vibrant community atmosphere, integrating living, studying, and leisure activities.

The project has received funding through the Recovery and Resilience Plan, which aims to support infrastructure development across Portugal. This financial backing underscores the importance of enhancing educational facilities in the country, particularly in urban areas where student populations are increasing.

As Lisbon continues to grow as a hub for higher education, projects like this one are essential in ensuring that students have access to adequate and modern living conditions. The new residence will not only accommodate more students but also foster a sense of community and belonging among them, enhancing their overall university experience.

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