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Eleven Brazilian Executives Visit Lisbon South Bay on the South Bank of the Tagus
11 September 2018
The Brazilians used their visit to learn more about the area and possible investments in tourism.
A delegation of executives from 11 Brazilian developers visited the lands of the Lisbon South Bay project, on the south bank of the Tagus, hoping to learn more about the area and the possibilities for investments in tourism.
Lisbon South Bay is a project run by Baía do Tejo (Tagus Bay) to redevelop the territories of the former industrial areas of Quimiparque, in Barreiro, Siderurgia in Seixal, and Margueira in Almada (Setúbal district).
The visit encompassed the three municipalities, but ended at Quinta do Braamcamp, in Barreiro, where the president of the Baía do Tejo, Jacinto Pereira, told the Lusa news agency that “it went very well, and we fulfilled our goals.”
According to Mr Pereira, “the reality of the area” was presented during a visit that did not specifically target the territories managed by Baía do Tejo (business parks), but rather the territory as a whole, focusing on the tourism side.
“The core business of the executives who visited us is very much in the area of tourism, so we showed other assets that exist in the three municipalities,” he said.
Mr Pereira added that “our goal was to get the message out that there are great opportunities in Lisbon South Bay, not just in the business side, but also in real estate and tourism.”
The president of the Brazilian Agency for Tourism and Real Estate Development (ADIT), Filipe Galvante, who sponsored the event, told Lusa that the initiative “was great” because this region of Portugal “had been completely off” its radar.
“Our knowledge about investments in Portugal includes Lisbon, Algarve and a small part of the North. At first, we doubted if there was anything to see on the other side of the bridge. But the truth is that this region has many opportunities and this initiative was fantastic. I put myself at their disposal to help spread the word in Brazil,” he said.
The Brazilian executive also noted the range of projects that are under consideration.
“In Almada, we saw major infrastructure projects, while stronger political will for investments in tourism exists in Seixal. Here in Barreiro, there are also many real estate opportunities,” he said.
The deputy advisor of the Seixal City Council, Ricardo Vieira, explained that the municipality also discussed possible investments in the hospitality sector because it relates “to the executives’ profiles.”
He also added that the council received “numerous requests for further discussions.”
The mayor of Barreiro, Frederico Rosa, said that “a wide variety of entrepreneurs are looking to put Barreiro on the map.”
In Quinta do Braamcamp, where the visit ended, the mayor said that “there are no concrete plans here yet,” adding that it has “a wonderful view of Lisbon.”
“We have received numerous contacts from investors from all around the world who look at this from four different viewpoints: first, not to build a closed condominium, second, to create something the current Municipal Master Plan will permit for housing, restaurants and leisure,” he said.
The politician added that investors saw “serious potential regarding real estate, including investments in housing, local accommodations and even hotels,” considering that are currently no hotels in Barreiro.
Original Story: CM Jornal
Translation: Richard Turner