Area in Focus: all about Praça de Espanha and DUUO Lisbon
Known as one of the main thoroughfares in the city center, Praça de Espanha has undergone a significant urban transformation, becoming a greener, more pedestrian-friendly area with a strong focus on quality public space. Today, it stands as one of Lisbon’s most promising locations, offering proximity to business districts, cultural institutions, green areas and key transport connections.
Within this context, the DUUO project and part of EQTY Funds Investment Strategy, emerges as a contemporary residential landmark, designed to meet the demands of modern urban living.
The project brings together architecture, comfort, and sustainability, offering a balanced lifestyle where city life and residential wellbeing coexist naturally.
Located in Praça de Espanha area, one of Lisbon’s most central and rapidly evolving urban areas, DUUO introduces a new premium residential concept in the heart of the city. Set on Avenida dos Combatentes, between the renewed Praça de Espanha and the Avenidas Novas district, the development benefits from a strategic position that combines excellent accessibility with a calm residential atmosphere.
Convenience and comfort: the new style of living by BESIX RED
DUUO is a premium residential concept designed to integrate urban life with residential comfort. The project consists of 140 high quality residential units set in a private condominium.
The construction reflects current expectations for quality living, with a strong focus on energy efficiency, sustainability, and resident wellbeing. DUUO represents a solid and future-oriented residential offering in the city center.
The real estate developer responsible is BESIX RED part of BESIX Group, a Belgian company with a leading position in construction, property development, and concessions markets, which operates in residential, office, retail, and service properties. Their high standards were crucial to EQTY's advisory to invest in this project. BESIX RED has been committed to creating large-scale projects in Europe, highlighting a people-centered approach, aiming to enhance cities and promote wellbeing through harmonious living and working experiences, respectful of the needs of users and the environment.
The heart of construction beyond the walls
DUUO was designed by the Portuguese awarded architecture studio ‘Nuno Leónidas Arquitectos’. The project features a U-shaped layout that enhances natural light and promotes visual and functional continuity between indoor and outdoor spaces.
The residential offering includes one to four-bedroom apartments, duplex units, and penthouses. All apartments are spacious and well-proportioned, featuring large windows and generous balconies or terraces. Most units benefit from open views over Lisbon and the Monsanto Green Corridor. Penthouses include private rooftop terraces and swimming pools. The center of the complex provides a shared leisure area for residents.
What sets it apart?
DUUO goes beyond the traditional housing model by offering integrated amenities and services designed to support daily life.
Residents have access to an outdoor swimming pool, baby pool, fully equipped gym, landscaped gardens, and a multipurpose room. Underground parking includes pre-installation for electric vehicle charging, private storage rooms and dedicated bicycle parking with charging capability.
Praça de Espanha: Lisbon's next residential hotspot
DUUO provides direct access to key areas of Lisbon city center such as Avenidas Novas, Sete Rios, Amoreiras, and Parque Eduardo VII. The development benefits from its proximity to major transport hubs, including metro stations, train stations, and bus routes, ensuring efficient mobility throughout the city.
In addition to being a short distance from the busiest spots in Portugal's capital, where everything happens: from the ‘El Corte Inglés’ shopping mall, cultural venues (such as the Calouste Gulbenkian Foundation, museums, and theaters), must-see tourist points (such as the ‘Baixa’ and 'Avenida da Liberdade'), and essential services.
The surrounding area has undergone significant urban requalification, with Praça de Espanha now featuring a five-hectare urban park, pedestrian areas and cycling infrastructure. This transformation has increased the attractiveness and long-term value of the location.
Close to schools, universities, and healthcare facilities, DUUO offers a central lifestyle with immediate access to services and green spaces. Nearby parks, including the Gulbenkian Gardens, 'Parque Eduardo VII' and the Monsanto Forest Park, provide prospects for outdoor activities within the city.
5 must-see places within walking distance from DUUO Lisbon
Calouste Gulbenkian Foundation
A major cultural complex with museums, exhibition spaces, concert halls, and extensive gardens. Inside, visitors can find permanent and temporary art exhibitions, a library, and peaceful green areas ideal for walking and relaxing.
An open-air space featuring a large reflecting pool and a café terrace. It is mainly used as a leisure area, with outdoor seating, and cultural events.
Parque Eduardo VII
Lisbon’s largest central park, offering wide green areas, walking paths, viewpoints, and landscaped gardens. Inside the park, visitors can find the Estufa Fria (a tropical greenhouse), cafés, and panoramic views over the city and the river.
A historic palace surrounded by formal gardens. Inside, visitors can see traditional azulejo panels, historical rooms, and exhibitions related to Portuguese history and architecture.
Monsanto Green Corridor
A natural pedestrian and cycling route connecting the city to Monsanto Park. Along the way, visitors can find walking trails, viewpoints, and green areas, offering a more natural and less urban experience within Lisbon.