Beato Sol 15 — the 1959 warehouse on the Lisbon riverfront
Investment Dossier · 2026 Rua Sol a Chelas, 15 Beato · Lisboa

Beato Sol
Fifteen

110 managed studios in east Lisbon. 7% net yield, contracted for five years.

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7%Net yield
5 yrsContracted
90%+Operator's book
110Managed studios
Q2 2028Handover
01 · The Location

The fastest-moving district in Lisbon

Rua Sol a Chelas, 15 — ten minutes from Baixa, five from Parque das Nações, four kilometres of riverfront in between.

Beato is Lisbon's industrial east: warehouses, port sheds and factory floors now being converted at scale. Hub Criativo do Beato — the 35,000 m² tech and creative campus in the former military supply complex — anchors the district, and the tenant base that follows it is exactly the medium-stay demand this asset is built for.

Beato Sol 15 is a 1959 concrete-and-steel warehouse: long clear spans, high floor-to-ceiling heights, a structure worth keeping. It is being stripped back and rebuilt as 110 studios with the amenity floor of a hotel — not a new-build block, and not a heritage restoration.

Structure
1959 warehouse, converted
Asset
Managed apart-hotel
Scale
110 studios, blocks A – C
Handover
Q2 2028, whole building
Beato district map — east Lisbon on the river
Lisbon · Beato / Marvila · 2025-26 Beato — District
23%

Year-on-year price growth in Marvila, the parish next door. Beato is named a five-year high-growth area.1

90%+

Occupancy across the operator's current Lisbon portfolio.2

10 min

To Baixa. Metro, rail and the riverside cycle route at the door.

300

Days of sun a year — demand holds well outside the summer peak.

1 Cyril Jarnias, Investing in Lisbon Real Estate: Strategies, Neighborhoods, and Returns, May 2026.   2 Operator's own portfolio data, 2026.

02 · The Building

Amenities that hold the occupancy

Twelve operated amenities on site, spread across the three blocks — the reason a guest stays a month instead of a weekend, and the reason the operator's book runs above 90%.

01

Restaurant

Open to residents and to the street.

02

Café

Ground floor, all day, block A.

03

Gym

Equipped fitness floor, block C.

04

Pool & garden

Outdoor pool and planted courtyard.

05

Private parking

Secure resident and guest parking on site.

06

24-hour reception

Staffed desk, check-in at any hour.

07

Coworking floor

Desks, meeting rooms, full-building fibre.

08

Convenience store

Groceries and essentials without leaving.

09

Screening room

Private cinema, bookable by residents.

10

Game room & lounges

Three social rooms across blocks B and C.

11

Housekeeping

In-house team, daily and turnover service.

12

Storage & bicycles

Secure lock-ups and bike parking.

Gym, block C
Gym · Block C
Pool and garden, block B
Pool & Garden
Convenience store
Convenience Store
Screening room
Screening Room
03 · The Studios

One studio, built 110 times

A single specification across the whole building: full kitchen, private bathroom, sleeping and living zones separated rather than merged. Delivered furnished, equipped and photographed, ready to let the week it is handed over.

41,98–46,72m² per studio
1Specification, all units
FurnishedOn handover
Week oneLet-ready
Living area of a typical studio, block B
Living area · Typical studio, block B
Separated sleeping zone
Sleeping zone · Separated
Kitchen as designed
Kitchen
Studio as delivered, block A
As delivered · Block A

Full kitchen, private bathroom, sleeping and living zones separated rather than merged.

Kitchen

Full height units, hob, oven, fridge, dishwasher.

Bathroom

Private, walk-in shower, stone and tile finishes.

Furniture

Specified and installed by us, cost inside the yield.

Servicing

In-house housekeeping, daily and on turnover.

04 · The Blocks

Three blocks, one apart-hotel

110 studios across blocks A, B and C — 31 + 43 + 36 — handed over together, Q2 2028. Floor models as designed, viewed from above.

04 · Block A
A

Block A · 31 studios

Reception, the café and restaurant, coworking and the convenience store. Four levels, A01 – A31, handed over with the rest of the building in Q2 2028.

31Studios
4Levels
Q2 2028Handover
Level 00A01 – A06 · Reception & café
Level 01A07 – A15
Level 02A16 – A23
Level 03A24 – A31
Block A floor model, level 00
Level 00 · A01-A06 · Reception & café
Block A floor model, level 01
Level 01 · A07-A15

Floor models as designed, viewed from above. Not to scale.

05 · Block B
B

Block B · 43 studios

The pool and garden, the game room and 2 resident lounges. Four levels, B01 – B43, same handover as blocks A and C.

43Studios
4Levels
Q2 2028Handover
Level 00Pool, game room, lounge
Level 01Lounge room 2
Level 02Studios & workrooms
Level 03Upper studios
Block B floor model
Level 00 · Pool, game room, lounge
Block B floor model, upper level
Level 02 · Studios & workrooms

Floor models as designed, viewed from above. Not to scale.

06 · Block C
C

Block C · 36 studios

The atrium entrance, the gym and the screening room. Four levels, C01 – C36, handed over together with A and B.

36Studios
4Levels
Q2 2028Handover
Level 00C01 – C09 · Entrance & atrium
Level 01C10 – C18 · Gym
Level 02C19 – C27
Level 03C28 – C36

Nine studios at entrance level, alongside the atrium, the screening room and the lift core serving the three floors above.

Block C floor model, entrance level
Level 00 · C01-C09 · Entrance
Block C floor model, upper level
Level 03 · C28-C36

Floor models as designed, viewed from above. Not to scale.

07 · The Return

How the investment pays

You buy a titled studio, delivered furnished and equipped. We let it and operate it as part of one apart-hotel — one reception, one housekeeping team, one rate strategy, no third-party manager taking a layer.

The contract pays 7% net of the purchase price each year, whatever occupancy does. Furniture, letting, housekeeping and maintenance are inside that number. Income starts at handover, Q2 2028, and you get occupancy and net income reported quarterly.

The exit — two options, chosen at purchase

1

Buy-back

At the original purchase price

At the end of the term we repurchase the studio for what you paid for it. Capital returned in full, on top of five years of net income.

2

Co-investment

Performance fee sale · 15% hurdle

You stay in alongside us and we sell at market value in year six. The first 15% of the gain is yours; everything above the hurdle is split 75/25 in your favour — fund terms, single asset.