AFA Real Estate has launched a new brand for the premium segment, following the success of Savoy Residence. It is called Lodge and is "characterised by functional and modern architecture, more accessible, without neglecting its foundations: location, quality, sustainability, and comfort," according to a statement from the Madeira-based company, which is part of the AFA Group. The first development, Lodge | Torrinha, is located in the centre of Funchal and represents an investment of over 40 million euros. It will consist of 106 apartments and is expected to be completed by the end of 2026.
“The Lodge brand was designed to meet the needs of young professionals, families, and modern investors, standing out for its combination of contemporary design and comfort at competitive prices. This new housing concept merges innovation with a practical, cosmopolitan lifestyle, ideal for those who value proximity to the urban centre,” the company states in the release.
Victor de Sousa, Managing Director of AFA Real Estate, is quoted in the statement, highlighting that the Lodge brand enables the developer to diversify its property offering and target a distinct segment. "The first development, Lodge | Torrinha, will also mark a milestone in the development of the surrounding area, offering a perfect balance between aesthetics and functionality," he adds.
Lodge | Torrinha offers panoramic views of the city and sea
Located in the Santa Luzia area, Lodge | Torrinha consists of 106 apartments spread across two six-storey buildings, offering one, two, and three-bedroom units. Prices start from €300,000.
"All apartments include balconies and planters, and some units also feature terraces, private gardens, and panoramic views over the Funchal bay. They also include fully equipped kitchens and laundries, pre-installation of air conditioning, and the bedrooms are en-suite (with a full bathroom). The common areas of each building feature a rooftop with a solarium and swimming pool, offering panoramic views of the city and the sea," states AFA Real Estate.
"The more than 3,000 m² of landscaped areas complement the living experience in the apartments, providing residents with the ideal setting for moments of leisure and relaxation in a sophisticated and tranquil environment," it adds.
According to the company, high-quality materials were chosen, such as exposed concrete, glass, and steel, ensuring a durable construction while highlighting the contemporary aesthetics of the development.
"Moreover, the quality of the materials, combined with eco-efficient construction practices, reflects the brand's commitment to sustainability," the developer adds, emphasising that the project integrates photovoltaic panels and heat pumps for energy and hot water production. "Each apartment has covered parking with independent electric charging, providing one parking space per bedroom (and up to two spaces in the one-bedroom units)," it states.
Lodge | Torrinha was designed by the architectural firm RH+ Arquitectos, and the construction is being carried out by AFAVIAS.
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