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Predipalma Invests €25 Million in Residential Development in Porto
22 February 2021
The Portuguese firm Predipalma, which builds and sells real estate in Greater Porto, has sold 80% of its new Molares 20 apartment block in Paranhos. Completion is scheduled for August 2022. The development consists of two buildings, Molares 20 and Molares 21, in a 25-million-euro investment. Work on the second phase of the project will begin in March and is scheduled to conclude in March 2023.
Molares 20 and Molares 21 will have a total of 100 flats, with prices starting at 290,000 euro and reaching a high of €475,000. The Molares buildings will have two-to-three bedrooms apartments, with areas ranging from 130 m2 to 156 m2. Each apartment will also boast one or two parking spaces.
The firm is also beginning work on a third building, the Molares 22. All three are located in front of the Ermesinde Cultural Forum.
Original Story: Idealista – Elisabete Soares
Photo: Predipalma
Translation: Richard Turner