With the end of January approaching, the real estate market has not stopped, with several companies presenting their results, referring to the year 2022, last week. With regard to investments, the last few days have been more prominent in the housing and logistics segments.
In the beginning of the week, it became public that the former headquarters of Futebol Clube do Porto gave way to a new hotel. AXIS Hotéis & Golfe has opened a new hotel unit, the Axis Porto Club, which is located in a centenary building in the centre of Porto. The hotel has 53 rooms, of which 14 are suites. It represents an investment of 5 million euros.
Meanwhile, news emerged that the first private hospital in Covilhã is to be built. The C2 MedCapital Fund, in partnership with FPT Biomass and AFFIS, will develop what will be the first private hospital in Covilhã, in an investment of 30 million euros. The hospital unit occupies an area of 8,000 m2.
The Garland Group Logistics Park has also announced its expansion to the south. The Garland Group is opening one more logistics centre, in Alcochete. With its opening, the logistics area reaches 163,000 m2, which translates into an increase of 78% compared to the beginning of the previous year. The new logistics centre covers an area of 15,000 m2.
The following day, an announcement turned up in the residential segment, with the “Green Valley” Project being born in the north of the country. The development comprises 54 flats, spread over three storeys in two buildings, it is located in Maia and its completion is estimated for June 2025.
Meanwhile, Olicargo will proceed with the construction of a new logistics centre in the Lisbon region. Olicargo invested around 18 million euros in the construction of the new logistics centre in Azambuja, with the works expected to be completed in the first quarter of 2024. The logistics platform will be the fourth in the Lisbon area and has an area of 25,000 m2.
In the middle of the week, there was the announcement that Civilria has invested 10 million in the acquisition of two buildings in the centre of Lisbon. Civilria acquired the buildings on Rua Engenheiro Vieira da Silva, numbers 10 and 12, which will be converted into housing. The purpose of the business is the connection and reconversion into a single asset for residential use. The building will have a total of 4,300 square meters spread over eight storeys above ground. The project foresees the development of 50 flats for residential use, a ground floor intended for retail, with 247 square meters, and two floors of car parkings.