alternative Assets News: Spanish Real Estate Intelligence

Portugal Has Two of the Top Ten Golf Courses in Europe
8 October 2019 – Golf World magazine’s annual compilation of the top 100 golf courses in Europe includes ten from Portugal.  Two Portuguese golf courses also made the top ten. The Monte Rei Golf & Country Club in the Algarve topped out at fourth place, while Troia Golf, in Troia, rose nine positions from last year’s list to reach eight place. The other eight golf courses that made Europe top 100 include the West Cliffs resort in Óbidos (17th), followed by the Algarve Quinta do Lago (29th) the Palmares Golf Course (31st), D'El Rey Beach (44th), also in Óbidos, Oitavos Dunes (51st), in Cascais, the luxury resort Penha Longa (80th), in Sintra, the Algarve Vilamoura (82th) in Vilamoura and Quinta do Lago (97th) in Almancil. Original Story: Observador - Joana Ascensão Adaptation/Translation: Richard D. K. Turner
A Series of New Planned Projects Will Transform Lisbon’s Riverside
8 October 2019 – At least 33 major public and private projects are planned for metropolitan Lisbon over the next decade, involving a total investment of some 3 billion euros. The new projects include urban parks, squares, new tram lines, marinas, research centres, museums, monuments, new and renovated housing, stores, office parks, hotels, congress centres and start-up hubs. Lisbon’s riverfront will be thoroughly reshaped by the construction. Some of the new developments include the Ocean Campus Portugal, between Pedrouços and Cruz Quebrada, in Oeiras and a new project for World Youth Day 2022, between Parque das Nações and Bobadela, in Loures, for the upcoming Papal visit. The following are some of the projects planned for the coming decade:
  1. Cancer research and treatment facility
A €100-million cancer treatment and research facility is planned for the riverside area in ​​Bobadela, in Loures. The new facility is expected to attract doctors, scientists, students, technicians and other highly-qualified professionals. The project also includes a residential development and an urban park, open to the public.
  1. World Youth Day 2022
The Catholic Pope is set to visit Lisbon, in an event that is expected to attract 1.5-2 million visitors. The municipal government will prepare the site, which is between Parque das Nações and Bobadela. After the event, the site will be transformed into an immense urban park, with a bridge over the Trancão river and a bicycle and pedestrian path connecting Loures to Lisbon.
  1. Exeo Office Campus
A huge office park with enough space for 7,000 professionals will be built near the Gare do Oriente, in Parque das Nações. A total of €150 million will be invested in the development and completion is planned for 2021.
  1. Martinhal Residences
The Martinhal group will invest €130 million to build the new headquarters of the insurance group Aegeas (ready in 2020), along with the Martinhal Residences, a luxury residential complex with 150 flats and a hotel in Parque das Nações.
  1. Matinha
VIC Properties, which is developing the Prata Riverside Village, has already announced that it would build another 2,000 flats in Matinha, Marvila, on the grounds of a former petrochemical facility. The new development will also include a hotel, stores and offices, along with an expansion of the East Riverside Park.
  1. Prata Riverside Village
The Prata Riverside Village is a large luxury residential complex under development in Braço de Prata, where VIC will invest a total of €450 million in 700 flats.
  1. Beato Creative Hub 1
Nineteen buildings on the southern wing of the former Military Maintenance grounds, next to Avenida Infante D. Henrique, are being transformed into a 50,000-m2 area to house technology firms, startups, cultural activities, a museum, creative industries and restaurants. Total investments are expected to reach €55 million.
  1. Lisbon Congress Center
The Hotel Hyatt Regency Lisbon, which involves an investment of € 70 million, will be completed by 2020. The 5-star hotel will have 200 rooms and an events space. Original Story: Economia Online - Alberto Teixeira Adaptation/Translation: Richard D. K. Turner
U-World to Invest €67 Million to Develop Student Residences with 1,600 Beds
12 August 2019 U-World, a Portuguese student housing firm, is looking to begin construction on a student residence in Braga, its first development under the U-Loft brand. The company is simultaneously planning a second investment, this time in Coimbra, where it recently signed an agreement to acquire a plot of land nearby to the local university. A third project to set to go ahead in Aveiro, as U-World is planning a total investment of 67 million euros to build 1600 beds. The Braga project will consist of 230 flats, ranging from studios, 80% of the total, to four-bedroom flats, with a total of 368 beds. Construction on the 20-million-euro project is set to begin shortly and conclude at the end of 2020. U-World has already sold 39% of the units sold, many to Brazilian investors. The firm plans to charge around 250 to 300 euros for a 15-m2 studio. Original Story: Dinheiro Vivo - Sónia Santos Pereira Photo: D.R. Adaptation/Translation: Richard D. K. Turner