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Real Estate news of the week in Portugal (15-21 May)

Weekly summary of the most important news from the Portuguese real estate market.

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Brainsre compiles below the weekly news highlights.

Residential – Student housing to be built in Avepark

  • The Guimarães – Avepark Science and Technology Park will have a building dedicated to accommodating university students.
  • The accommodation facilities will include various types of units, such as individual rooms, double rooms, studios, and different-sized apartments.
  • The building will offer a range of options, including 20 individual rooms, 35 double rooms, 24 studios, four T0 apartments, 22 T1 apartments, and five T2 apartments.

Hotel – Lagos to host new five-star tourist resort

  • A new luxury tourist development with a capacity of 402 beds is planned for Monte da Atalaia, Lagos, representing an investment of approximately 14.4 million euros.
  • The five-star hotel will consist of 201 accommodation units and aims to establish a hotel operated by the Marriott Hotels chain.
  • The project aims to provide high-end accommodation and promote tourism in the area.

Residential – A new development is to be built next to Areeiro

  • The Vision Areeiro project consists of 74 apartments spread across 12 floors, including T0, T1, T2, and T4 units, as well as a spacious Penthouse. Additionally, there are coworking and gym spaces.
  • The development is situated in a peaceful residential area between Parque das Nações, Avenida de Roma, and Lisbon Airport, providing quick and easy access to major roads and public transportation networks, including the metro.
  • The investment value for the project has not been disclosed.

Offices – Claranet opens office in the Beato Creative Hub in an investment of six million euros

  • Claranet, with an investment of around six million euros, becomes the first private company to open its doors at the Hub Criativo do Beato in Lisbon.
  • The brand’s new headquarters spans over 4,000m2 and is designed to accommodate up to 500 employees simultaneously.
  • The innovative office concept focuses on sustainability, energy efficiency, productivity, and employee well-being.

Alternative Assets – Finangeste acquires old Castil cinema and will invest 4 million euros in rehabilitation

  • Finangeste has acquired the former Castil cinema premises from BBVA and will invest 4 million euros in its rehabilitation.
  • The company aims to transform the space into a disruptive office that can accommodate high-quality tenants.
  • The former cinema, which opened on February 2, 1973, and closed in 1988, has an area of approximately 1,600m2 and previously housed a BBVA branch.


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