14 November 2019 – Lucios Real Estate has acquired the Edifício Pão-de-Açúcar, an unfinished building in the touristy central zone of Porto. The property is located between Avenida Fernão de Magalhães and Rua dos Abraços, next to Campo 24 de Agosto. The Savills real estate consultancy advised on the transaction.
The new development, called the Pacífico, will have a total surface area of 49,000 square meters divided into four apartment blocks. The Pacific will consist of flats, a hotel, stores, a supermarket and services, including a gym and offices.
Work on the site is slated to begin in the next few months, with completion scheduled for the last quarter of 2022.
Original Story: Diário Imobiliario
Photo: Luis Efigénio / nFACTOS
Adaptation/Translation: Richard D. K. Turner