Coliving Trafaria
Trafaria, Almada, Lisbon metropolitan area, Portugal
A 120-studio coliving with a hotel licence on the site of a former fish cannery, on the Tagus waterfront opposite Belém. The land is acquired, the building permit is in place and opening is planned for Q1 2029.
Key facts
- Acquiredthe plot is fully paid and owned by the project SPV
- Q4 2025hotel licence obtained
- Q1 2026building permit obtained
- Tendergeneral contractor selection under way
- Q4 2026construction start
- Q1 2029opening
What the building will contain
- 120 studios
- furnished, with kitchenettes, from standard rooms to suites
- 70-seat restaurant
- check-in area, bar and coffee point
- Coworking
- two zones: open and quiet
- Hall and gym
- a multifunctional events hall and a fitness area
- Rooftop
- terrace with a bar, a pool and a yoga area
- Patio
- a landscaped courtyard of over 750 m²
- Hotel licence
- stays from one night, outside the long-term rental law
- Operations
- digital check-in, a guest app, one operator for all services
How the coliving works
The building is built and run under a hotel licence, so the mix of short and mid-term stays can follow demand.
- 01Mid-term
80% of the studios let from one month: expats, remote professionals, digital nomads, students and staff of the NOVA campus.
- 02Short-term
20% of the studios run as a hotel: seasonal demand for the Costa da Caparica beaches and surf, and Lisbon visitors.
- 03All inclusive
The monthly fee covers cleaning, internet, utilities, coworking and common areas.
A coliving brand. Its first property has operated in Dubai since 2022: 256 apartments, over 500 residents.
Paulo Seródio’s Lisbon architecture studio, founded in 2006. Designed the project.
A Portuguese law firm: structuring, contracts and legal due diligence.
Demand around the project
Lisbon has no large coliving properties yet. The closest formats are the Locke de Santa Joana (370 rooms) and Numa Lisbon Rato (77) aparthotels and the Selina Secret Garden lifestyle hotel (33).
Market analysis from the developer’s materials, 2026.
Trafaria, on the south bank of the Tagus
25 min by ferryBelém25 minCentral Lisbon30 minAirport10 minCosta da Caparica OeirasAlmadaTagusAtlantic Ocean Coliving Trafaria The site is by the Trafaria fishing harbour, a block from the beach and the ferry pier. Transtejo ferries run to Belém via Porto Brandão. Segundo Torrão beach stretches to the west, and the Costa da Caparica coast begins to the south.
ferry to BelémTrafaria beachSegundo Torrão beachTrafaria centreport areaTagus Coliving Trafaria The project site, 2,415 m² Trafaria is a former fishing village in the municipality of Almada, opposite Belém with its museums, MAAT and the Belém Tower. Costa da Caparica, the main surf spot near Lisbon, and the Caparica campus of NOVA University Lisbon are 10 minutes away by car.
Three projects link the south bank to Lisbon. The extension of the Metro Sul do Tejo line to Costa da Caparica and the Trafaria ferry terminal: 10 new stations, presented by TML in 2025. Lisbon’s new airport at Alcochete on the south bank. An Algés–Trafaria road tunnel under the Tagus, so far a proposal.
Budget, financial model and terms
The project budget, sources of funds, operating model, revenue and EBITDA forecast and exit scenario are available on request.
- Budget and sources
- Operating model
- Revenue and EBITDA
- Returns and exit
- SPV structure
- Entry terms
This page is for information only and is not an offer. Timing and operating figures come from the developer’s materials and are projections.
All investment opportunities