Another Hotel to Open in Downtown Lisbon
18 November 2020 – According to an article in Jornal I, the Directorate General of Cultural Heritage (DGPC) approved the construction of the Hotel da Betesga in the building where the Confeitaria Nacional and Ourivesaria Barbosa and Esteves are located, on Rua da Prata. Both are classified as Monuments of Public Interest. The jewellery shop […]
Housing Prices Rise in Lisbon and Porto in the Third Quarter of the Year
11 November 2020 – The residential sales prices have continued to increase in Portugal’s two largest cities. Although there have been some signs of a slowdown in property price growth, the housing market is demonstrating resilience in the face of the pandemic. According to Confidencial Imobiliário’s Residential Price Index, residential properties in Porto rose by […]
Ginjal Quay: AFA Group Real Estate Development Approved in Almada
11 November 2020 – The AFA Group announced that it has obtained the needed municipal approval to go ahead with its planned property investment in Almada. The development will consist of a 160-room hotel, 500 parking spots and 300 apartments, along with shops and services. The approved construction area totals 90,000 square meters. The approved […]
CA Património Crescente Acquires “Expo Living” Building in Parque das Nações for €21.8 Million
4 November 2020 – The “Expo Living” building, which is located in the southern part of Parque das Nações, in Lisbon, has been sold by GMG Real Estate to Crédito Agrícola’s fund CA Património Crescente. The fund is managed by the Portuguese investment fund manager Square Asset Management. The transaction, worth approximately 21.8 million euros, […]