Taga-Urbanic to Invest Up to €100 Million in Portugal

28 April 2020 The Taga-Urbanic group announced that it had awarded two new projects in Porto to the Gabriel Couto construction company. The firm, which has already made a dozen acquisitions in Lisbon and Porto, is seeking to build a portfolio of 700 refurbished flats by 2023.

The first real estate project, known as João das Regras, will consist of a two-building apartment block located at Rua João das Regras. The complex will have 44 26-to-30 square meter studios, and two one-bedroom homes (33 and 55 m2).

The second development, Paraíso 49, will be a multi-family building located in Rua do Paraíso. The complex will consist of five above-ground and three below-ground floors and a total of eighteen flats (one studio, nine 1-bedroom, three 2-bedroom, three 3-bedroom and two 4-bedroom units).

Original Story: Jornal de Negócios – Rui Neves

Translation/Summary: Richard D. Turner