Teixeira Duarte starts the construction phase of the FÁBRICA 1921 property development in Benfica

The FÁBRICA 1921 residential development located on Avenida Gomes Pereira in Benfica, developed and constructed by Teixeira Duarte, has entered the construction phase, which has a 29-month execution period. FÁBRICA 1921 incorporates part of the former facilities of the “Fábrica de Têxteis Simões & Cª Lda.”, a landmark in the history of the Benfica quarter.

FÁBRICA 1921 features 162 one- to four-bedroom apartments. The 32,800 m2 of total constructed area of the development includes over 4,000 m2 of social and leisure areas, featuring a pool, gym, playground and kid’s club. Five commercial spaces and an area for the municipal library have also been designed. The architecture project has been commissioned to the renowned firm, Broadway Malyan.

The project thus combines various apartment layouts and a complete offering of leisure areas with a prime location and the charm of the historical rehabilitation of the former factory. For these reasons, the sales performance has been good in the promotion of the development, with over 65% of the apartments now sold.