Of note last week was the announcement that Lagos will host a new five-star tourist resort

The biggest investments and main highlights of the past week in the real estate market.

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 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.

A new development is to 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.

Claranet opens office in the Beato Creative Hub in a 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.

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.