15 Jul
2019

Montijo airport go-ahead step closer

Plans to start work on a new secondary airport at Montijo could be a step closer to getting planning permission.

15 Jul
2019

Brazil’s HDP to Remodel the Sheraton Porto and Open a New Event Space

HDP, which owns the properties where the Lisbon and Porto Sheratons operate, along with two hotels in the Algarve, will invest approximately €8 million to remodel the Porto Sheraton and open the Casa de Montevideu.

15 Jul
2019

Bain and Cerberus Close to Acquiring Two Portfolios of NPLs from Novo Banco

Novo Banco is nearing the sale of two portfolios of non-performing loans in a deal worth approximately 3.5 billion euros, according to Bloomberg.

12 Jul
2019

“New” Cascade Resort opens

Investment of €7 million designed to elevate the Lagos resort to one of the best in the Algarve

12 Jul
2019

Company insolvencies down, startups up

Company insolvencies in Portugal in the first half of the year were down 7.6 percent, while the number of newly founded companies was up 9.9 percent.

12 Jul
2019

Engel & Volkers with €200 million turnover by 2021

The luxury German estate agency will enjoy a projected turnover of €200 million in Portugal by 2021.

11 Jul
2019

Ricardo Costa: “The River Douro is a pearl for national investment”

The Douro line is a kind of natural spa in the north of Portugal. The Alvão, Marão and Montemuro mountain ranges are a natural environment conducive to health, quality of life and are also great for dream vacations.

10 Jul
2019

Omega Group to Invest €2MM in New Condominium in Porto

A new development, the Condomínio Nova Rio, will go up on Rua Nova do Rio, in Paranhos, near the S. João Hospital, in Porto. The Omega Group will invest two million euros in the new condominium.

10 Jul
2019

El Corte Inglés to Finally Arrive in Porto

The Porto City Council announced that the plans for the El Corte Ingles development at the Boavista roundabout will finally take off. Thus, El Corte Inglés is in the process of obtaining the necessary licensing.

10 Jul
2019

Cascade Wellness Resort Reopens After €7-Million Makeover

The Cascade Wellness Resort officially reopened this week after a 2-year, €7-million investment by its owner, ECS Capital.

10 Jul
2019

New Build Construction Costs Rise By 2.2%

New construction costs grew by an estimated 2.2% (y-o-y) in May, down by 0.1% compared to the month before, according to the INE’s New Housing Construction Cost Index (ICCHN).

10 Jul
2019

Patrizia Acquires Property in Cais do Sodré

The Germany-based real estate investment manager Patrizia just acquired a property in Cais do Sodré, Lisbon for an undisclosed amount from a private investor.

09 Jul
2019

Merlin Properties to Invest €150MM in its North Lisbon Logistics Platform

Merlin Properties is to invest €150 million in the North Lisbon Logistics Platform in Castanheira do Ribatejo. The firm acquired the asset from SAB in 2016.

09 Jul
2019

ECS Capital to Sell Six Assets in the Algarve and Porto By End of Year

ECS Capital announced its intention to sell off six of its assets in Portugal by the end of this year in a policy of asset rotation.

08 Jul
2019

Selina to Build New Co-working Facility in Porto

Selina, the international hospitality and co-working group, will redevelop Porto’s iconic Edifício Árabe into a 700 square meter co-working and events facility.

08 Jul
2019

Living Saldanha: A New Residential Development in Lisbon’s Avenidas Novas

A new residential development, called Living Saldanha, is currently under construction in the neighbourhood of Avenidas Novas in Lisbon.

08 Jul
2019

Former Metalworking Factory Set for Redevelopment

A former metalworking factory on Rua António Bessa Leite, in Porto, will be converted into a new real estate development, with 10,000 square meters of construction area.

08 Jul
2019

Real estate investment expected to increase in 2019

Real estate investment in Portugal is expected to be strengthened this year, according to the latest Deloitte study.

08 Jul
2019

Patrizia acquires landmark hotel development in Lisbon

Patrizia AG has acquired a landmark hotel development, Tagus Square, in Lisbon, Portugal from a private individual on behalf of a German pension fund.

07 Jul
2019

Record number of foreigners now living in Portugal

The number of foreigners living in Portugal set historic record with a year-on-year increase of 13.9 percent in 2018, totaling 480,300, said a report presented on Friday.