Cheyne Capital finances historic Lisbon redevelopment into five-star hotel and branded residences

We are pleased to have provided a €135.7 million senior loan to fund the acquisition and redevelopment of a historic building in central Lisbon into a luxury, five-star hotel and branded residences.

Situated between the Chiado and Bairro Alto districts – two of the most desirable areas in Lisbon – residents and guests will be close to all of the city’s major tourist attractions. The completed 24,400 m² development will provide best-in-class hotel rooms and branded residences, as well as retail space on the ground floor. 

Construction and redevelopment are expected to take three years. The project is sponsored by Geneva-based private bank, Arab Bank (Switzerland) Ltd., which has deep real estate expertise. Savills Investment Management serves as the asset manager, contributing its global institutional expertise, while Quest Capital serves as the development manager, leveraging a proven track record in managing real estate projects.

The project aims to achieve a high-level LEED certification, demonstrating a clear commitment to sustainable design and long-term environmental performance.