Avenue Building Bonjardim in Porto, Investing €57 Million
5 March 2021 – Ana Custódio The developer Avenue has just launched Bonjardim, its latest development in downtown Porto, in a reported investment of 57 million euros. Located on the city block formed by D. João I, Rua do Bonjardim, Rua Formosa and Rua Sá da Bandeira in downtown Porto, the mixed-use development combines housing […]
Savoy Residence Insular Going Up in Funchal in a €60-Million Investment
2 February 2021 A company controlled by the AFA Group, Savoy Investimentos Turísticos S.A, is set to invest approximately 60 million euros in an urban rehabilitation project in Funchal. Savoy intends to completely rehabilitate and upgrade the city block called Insular, which is delineated by the Largo do Pelourinho, Rua Visconde de Anadia and Travessa […]
Bankrupt Company in Santo Tirso Transformed into a Space with Shops, Housing and Services
14 December 2020 – One of the largest and most well-known textile industries in Vale do Ave, the former Arco Têxteis, in Santo Tirso, is being converted into a mixed-use development with shops, services and housing. Arco Têxteis went bankrupt in 2015 with debts totalling 32 million euros. The property was acquired for 4.5 million […]