alternative Assets News: Spanish Real Estate Intelligence

Portugal’s CGD Sells Plot of Land in Gaia to Fladgate
12 March 2019 CGD, a state-owned Portuguese bank, recently sold a 30,000-m2 plot of land in Vila Nova de Gaia to The Fladgate Partnership, which also owns Taylor's, a port wine producer, and Hotel The Yeatman. Fladgate will now own a total of ​​14 hectares in an area where it intends to build the "World of Wine," a 100-million-euro project to create a series of museums and cultural attractions. The museum project, which should be completed by the end of next year, will be located 300 meters from Avenida da República, nearby the Ponte do Infante. Plans include venues focused on cork, regional wines in Portugal, design, twelve separate restaurants, a space for events, a wine school, parking and retail stores. Original Story: Economia Online – Rita Lobo Photo: D.R. Summary / Translation: Richard Turner  
US-Inspired Student Housing Plans for Évora
9 March 2019 The Évora Student Campus, comprising 350 beds built using a modular design inspired by university campuses in the United States, will be developed in an area surrounding a lake and will include parks, restaurants, bicycles and study rooms.  Monthly rents are currently set to cost less than €200. The development will consist of 114 student flats, including studios and one and two-bedroom apartments. The student residence will offer 24-hour security, an amphitheatre, a bicycle for each resident and medical services, all on the Évora university campus. The new development will house a total of 306 students. Original Story: Jornal Expresso / André Rito Foto: D.R. Summary / Translation: Richard Turner  
The Odalys Group to Build Two Student Residences in Portugal
8 March 2019 The Odalys Group, which is based in France, is planning on building its first two student residences in Portugal, in Lisbon and Porto, and another six are in the pipeline.  Odalys, which is one of the principal European investors in short-term accommodations for tourism, business and students stated that its new student housing venture, Odalys Campus, will open in Lisbon by 2021 and in Porto by 2022, the group’s first two outside of France. Odalys revealed that it has ambitious plans to open 30 new residences over the next seven years, split between the student residences of Odalys Campus, including the projects in Lisbon and Porto, and short-term residences aimed at business travellers, Odalys City. The venue in Lisbon will have the capacity to house 124 students. The firm acquired a plot of land next to the Universidade Lusíada, nearby the Institute of Art and New Technologies, which together have approximately 20,000 students. Odalys will build its 211-bed residence in Porto in a quiet residential area, with good transport links to the city centre. Original Story: Diário Imobiliário Summary / Translation: Richard Turner