June is one of the most anticipated months throughout the country as it is a time of great festivities and also a period of downtime and vacations. However, this tranquility that reaches many sectors did not affect the real estate market, which once again showed strength with significant investments in various segments and again from north to south of the country. Last month, in a general analysis, the most prominent segments were residential, which, although with limited supply, is announcing new and important projects. In addition to housing, new hotel units are also emerging, accompan ..read more

  Residential The CVM Group has announced the construction of the Pacífico Building in Vila Nova de Gaia, with a total investment of 13.5 million euros. The residential project will consist of 62 units spread across 11 floors and 3 basement levels. It is located on Avenida dos Descobrimentos and will have a total construction area of 11,273 square meters. The building will feature a variety of apartment sizes, including T1 (10), T2 (27), T3 (21), and T4 (4), and the construction is scheduled to be completed by October 2025. Spanish company Albatross Capital and Portuguese company Quantic ..read more

The 40-million-euro Rehabilitation Plan for 11 neighbourhoods in Lisbon is about to get underway. The company Gebalis is starting an intervention and rehabilitation plan in 11 municipal neighborhoods in Lisbon, with a total investment of 40 million euros until 2026. The rehabilitation work will begin in the Alfinetes neighborhood, located in the Marvila parish. The project will cover seven buildings and 68 units, with planned interventions on roofs and facades. This initiative aims to improve the condition of the buildings and living spaces, contributing to the overall revitalization and deve ..read more

Mercadona opens a shop in Marco de Canaveses The new store, like others in the district, has a sales area of approximately 1,900 square meters. Mercadona is expanding its presence in Porto with the opening of its 19th store in the district. The store features various sections divided within the 1,900 square meters of sales space, similar to other supermarkets. Aquila Group builds new logistics complex in Greater Porto Green Logistics, a brand of Aquila Group, is expanding its presence in Portugal with the construction of a new logistics complex in the Greater Porto area, acquiring a 40,000 sq ..read more

Valongo Business Park is under commercialization Cushman & Wakefield is responsible for leasing the Valongo Business Park, a business center created through the renovation of the former Lear Valongo facilities. The park, located in Valongo, Porto district, will be divided into two modules measuring 9,900 m2 and 6,750 m2 respectively, offering spaces starting from 270 m2 that can accommodate either a single tenant or up to 31 occupants. In addition to the modules, the park will feature 852 m2 of office space dedicated to coworking and supporting small and medium-sized enterprises (SMEs) as ..read more

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. Lagos to host new five-star tourist resort A new luxury tourist development with a capacity of 402 beds is planned for Monte d ..read more

Algarve receives luxury development with investment of 270 million euros Verdelago Resort, a luxury development in Algarve with a €270m investment, will open this summer. The project covers 86 hectares of land and includes a five-star hotel with 197 rooms. The development is entering a new commercialization phase, with 109 residential-touristic units available. Property Core Real Estate Fund aquires 18,200 m2 property in Benavente JLL sold and leased a warehouse in Benavente to the Property Core Real Estate Fund. The property was previously a paper production factory and has a large gross are ..read more

As the second quarter of the year gets underway, April proved to be a very robust month in terms of transactions and investments. Mainly in the housing and hotel segments, which continue to show their dynamism in recent months. We also highlight that Aura REE Portugal announced that it is now a member of IES (International Ethics Standards) as a Business Supporter of the organisation. IES is an international organisation / coalition of Ethical Standards, which aims to maintain and promote a universal set of ethical principles for real estate and related professions. Adherence to IES is recogn ..read more

Aura REE Portugal Adheres to IES (International Ethics Standards) Aura REE Portugal is now a member of the International Ethics Standards (IES) as a Business Supporter. IES is an international organization that promotes a universal set of ethical principles for real estate and related professions. Aura REE Portugal’s membership in IES recognizes the company as having high integrity. Aldi Opens its first shop in Guifões in a 4 million euro investment The food retailer opened its first store in Guifões on April 26th, making it the fourth Aldi store in the Matosinhos municipality. The store has ..read more

The International Valuation Standards Council (IVSC) has just announced the launch of a 3-month public consultation on proposed changes to the International Valuation Standards (IVS). The consultation that begins today invites input from a diverse range of stakeholders, including industry professionals, regulators, investors, financial institutions, and other parties involved in the preparation, review, or reliance on valuations, to ensure that various perspectives are considered in the improvements to the IVS. The launch of this public consultation aims to obtain opinions to improve the clar ..read more