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Riverside – Archaeological remains found near Castelo de Gaia

Archaeological remains found near Castelo de Gaia

Archaeological remains have been found near the Castle of Gaia, which is thought to be the remains of a paleo-Christian basilica dating from the 4th to the 9th centuries. 

On the ground there were remains of epigraphs, sundials, altar pillars and remains of a marble gate.

Therefore, it is intended to rescue the findings so that they can be displayed by the patrimonial and didactic value that they have, being an active part of the county’s history.

Fortera’s objective is always “to integrate itself in the places, trying not only to contribute to the construction, but also to contribute to the communities, in this case a discovery that is part of the history of Gaia, and to try to combine what may be the future of Gaia with its past ”says architect Hélder Agostinho.

This land is where the Riverside project is projected.

Source: Porto Canal.

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Braga – Best places to travel in Europe 2021

Best places to travel in Europe 2021 Like every year, hundreds of thousands of you from more than 190 countries around the world have voted for your European Best Destinations. Where would you like to go on holiday in Europe as soon as it is safe to travel? Discover your top European travel wishlist of the best city breaks in Europe, some of the best sustainable destinations in Europe, top destinations for beach holidays or best destinations for cultural & gastronomical escapades and destinations for families or lovers. Need even more inspiration? Discover dozens more themes such as the Best Beaches in Spain, the Best Hidden Gems in Turkey, the Best Islands in Greece, the most beautiful nature wonders in Italy… For now, stay safe, travel online and discover some inspiration for your next holiday in Europe.

1. Braga, Portugal

The so-called Portuguese Rome is your best European destination for 2021. Braga has something to offer each of us. Braga will appeal to lovers of history and architecture. Braga is also a must-see destination for gourmets, but also for shopping addicts (with one of the largest shopping centres and a wide range of independent shops in the city centre). Braga is also a must-see destination for spirituality with sumptuous churches, monasteries and shrines. Incredibly romantic too, Braga is one of the happiest cities in Europe and among the one with the best quality of life in the world. Still thinking about Covid? Braga has been recognized by the OECD for the quick and innovative response of the authorities to stop the epidemic by protecting the most vulnerable. Do you like to travel and are looking for a place to invest or settle down? Braga was voted the best destination to invest in Europe. The city is also committed to sustainable tourism and is part of the network of cities with zero CO2 emissions. City of tradition and modernity, Braga is dynamic, sparkling, cultural, gastronomic, historical,… your best European destination for 2021. With its many cultural events, its great meetings, Braga is a city to discover at any time of the year. For families, lovers, for a cultural city break or shopping or a gastronomic getaway, Braga is the destination to visit. Check the full list here.
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Private group invests 70 million euros in Espinho

Article Jornal Notícias

Private group invests 70 million euros in Espinho

The Israeli group “Fortera” is prepared to invest some € 70 million in a venture aimed at housing, trade, services and hotel in Espinho. The project is pending recognition by the municipality of an enterprise with public interest.

According to information from the City Council, the project called “Espinho Business Center – New Business and Tourism Center in the south of the city” and an entire planned urban operation, “reconfigures the entire south of the city, continuing the ReCafe [Requalification of the Railroad Channel of Espinho] “. It will have “a great impact on the development and refinement of the territory in the southern part of the city, between Ruas do Golf, Rua 43 and Ribeira de Silvalde”. In other words, it must be born next to the old Municipal Slaughterhouse of Espinho and develop in all the free space attached. In addition to the investment of 70 million euros, it is planned to create 132 jobs during the execution and around 150 jobs after completion. However, the realization of this enterprise will have to have, in the next week, a favorable vote by the City Council in the recognition of an enterprise with strategic public interest for the municipality. After this first consent, the recognition will have to be submitted for approval by the Municipal Assembly. The autarchy says that the “Fortera Group” project already considers favorable to the Coordination Commission of the North Region, the Portuguese Environment Agency and the IP-Infrastructures of Portugal. “It is a housing and business complex developed through a new urban area, with large areas of public green spaces, with a set of infrastructures that allows for well-being and an easy and safe pedestrian and car circulation”. Original article.
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Construction, a sector that shows signs of being resilient to Covid-19

idealista News

Construction, a sector that shows signs of being resilient to Covid-19

Banco de Portugal, for example, highlighted the “remarkable resilience” of the sector, which managed to remain “insulated from the strong negative impacts of the pandemic crisis”.

Portugal lost with the pandemic, between the first and third quarter of the year, 66,000 jobs (in net terms). The construction sector seems to have escaped this trend, however, showing signs of resilience: 5,300 jobs were created during that period. The data from the National Statistics Institute (INE), released in November, were in line with those released a month earlier by Banco de Portugal (BdP), which considered that the construction sector is showing a “remarkable resilience”, managing to maintain itself “Insulated from the strong negative impacts of the pandemic crisis”.

What was said about the sector

On this subject, David Marques, CEO and founding partner of Detailsmind, a company dedicated to the construction and rehabilitation market in Portugal, said that the construction sector, and almost in a kind of counter-cycle, has stood out throughout this period for the its positive performance and the way it has managed to “escape” the crisis. “The market shows signs of wanting to recover its previous dynamics”, maintaining “the intentions of executing projects in various areas”, he said, in an interview with idealista / news. For Manuel Reis Campos, president of the president of the Portuguese Confederation of Construction and Real Estate (CPCI), the projects launched under the National Investment Plan (PNI) 2030, worth almost 43 billion euros, must have taking into account the capacity and qualification of the national business fabric. The official defended that “companies have to know what they can count on and have equal circumstances to compete with foreign competitors”. Manuel Reis Campos said, however, that it is important to have your feet firmly on the ground. This is due to the economic uncertainty that a second wave of the pandemic can bring. Before, in August, he said that it is “in public and private investment that the key lies” in the collective future of the construction sector.

Licensing and construction costs

In the third quarter of 2020, that is, summer months and in the middle of the pandemic, the number of licensed and completed buildings in Portugal increased by 2.8% and 1.5%, respectively, in year-on-year terms. Statistics Portugal reveals that, between July and September, 5,900 buildings were licensed and 3,700 completed. With regard to housing construction costs, they increased by 2.2% in October 2020 compared to the same month last year, according to ONI. A year-on-year rise similar to that recorded in September.

Enterprises are born in pandemic

There were several developments – mainly residential – that were news throughout the year, either because they were going to be launched and / or commercialized, or because they were already being built or because they were being designed. This in a pandemic scenario of the new coronavirus, which shows that the construction sector has not stopped, as we wrote at the end of June, when we wrote that the real estate and construction sector closed May almost fully operational, with 97% of companies of these activities to work. An idea, by the way, also left before, in April, and later, in September.

Rehabilitation in times of crisis

Despite all the real estate projects in progress, the supply of new housing in Portugal is growing at a (very) slow pace. The country is managing to build and finish an average of less than 1.5 new homes per thousand inhabitants, currently the European market with the lowest “ceiling”, at stake is a study by the Ifo – German economic research institute. Urban rehabilitation, in addition to new construction, started to be talked about again in 2020, with many properties that gained “a second life”, such as the former Faculdade Moderna, in Lisbon, and the former Slaughterhouse in Porto. It is important to say, in this regard, that the Financial Instrument for Urban Rehabilitation and Revitalization (IFRRU) 2020 has managed to increase its execution in recent months, marked by the Covid-19 pandemic, having reached 248 signed contracts, in an investment of 704 million euros. euros in integral rehabilitation of buildings and improvement of their energy performance, announced in September, the Ministry of Infrastructure and Housing.

Making houses more efficient

In order to help make homes more efficient, we have prepared a special dossier in which we explain, for example, how it is possible to have healthier, more comfortable, economical and environmentally friendly homes and what are the financial support provided by the Government to families. Full article: here.
CategoriesArticle News

The future of tourism in Portugal after COVID-19

Photo by Claudio Schwarz | @purzlbaum on Unsplash
Article Idealista News

The future of tourism in Portugal after COVID-19

The boom in tourism in several cities worldwide, notably in Lisbon and Porto in Portugal, generated controversy in pre-pandemic times, due to excessive numbers of tourists and the anticipated effects of this trend on inhabitants. This is a situation that COVID-19 has, of course, dramatically changed, and in 2021 getting tourists back is the priority for cities across the world. Some signs of change are anticipated when the recovery comes, but what is the future of tourism in Portugal after COVID-19? “The cities that used to live from tourism were the first to suffer an unparalleled crisis, while the streets became deserted and the economy was paralysed due to a lack of visitors”, writes the Portuguese newspaper Expresso. The article quotes experts who state that at this stage, cities that have previously relied on tourism, such as many Portuguese cities, should not lose sight of sustainability goals and begin to plan more adjusted strategies for the moment of recovery, correcting excesses committed in the past. According to Eduardo Abreu, partner of Neoturis, a national consultancy firm which focuses on tourism, “the issue of excessive crowding in some tourist destinations in Portugal was already on the agenda before the pandemic, which may have accelerated reflection on the subject”. He also stated that “disruptive moments” such as those that Portugal and many countries are currently going through “lead to reflection on future development strategies, particularly those that meet the needs of more sustainable tourism in the long term”. Things have well and truly been reversed, and many cities throughout the world that were being overwhelmed by tourism one year ago now want tourism back, and this isn’t only the case in Portugal. What are cities thinking of changing in the future in a post-COVID-19 world when it comes to tourism? And what is the future of tourism in Portugal? Recovery in cities after the coronavirus pandemic is expected to be slower than in other destinations, even with the arrival of a vaccine, but some signs are being given to indicate change. These are some of the steps that European cities plan to take in the near future, according to the Expresso publication: The Italian city of Venice will have entrance fees for daily visitors who do not stay in hotels from 2022 onwards; Lisbon will only receive cruises (tourist ships) mooring with electricity from the end of 2021, following a protocol signed this summer between the city council and the port of Lisbon; Porto will reinforce cycle lanes in the city to disperse traffic and is preparing the measures for next year – these should be presented in January or February 2021. According to Expresso, improving mobility and encouraging the use of public transport instead of own cars is one of the goals of the municipality; The Spanish city of Barcelona is maintaining its regulation stating that no new hotels can be opened, and the concern in a post-pandemic scenario is to not have empty hotels in the city. What will it be like when the pandemic ends in Portugal? Hard times are expected until at least the spring of 2021, when some recovery in tourism is expected in Portugal. According to Eduardo Abreu, “no one is speeding up the COVID-19 restrictions. Everything is very focused on reaching March and April and getting tourists, with the vaccine reaching the market and gaining some normality,” he says. In the cases of Lisbon and Porto, “cities where the issue of ‘excessive’ numbers of tourists has been evident,” the main priority on the agenda of public decision-makers and entrepreneurs is to “recover the flow of lost tourists”. These are, according to Neoturis, some trends which are being accelerated by the pandemic in Portugal, and which could improve situations of overcrowding of tourists concentrated in specific points of the cities. Measures include the deconcentration of housing supply from historic centres to outlying areas, increased investment in public space and outdoor areas, better management of visitor numbers at tourist attractions and greater focus on attracting national tourists in Portuguese cities to promote tourism within Portugal. See original article.
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3rd best year ever | Jornal de Negócios

Article Jornal de Negócios | 31 December 2020

JLL: Real estate investment falls in 2020 but is expected to be the third best year ever

Real estate investment in 2020 is expected to exceed 26 billion euros, according to JLL estimates. Values ​​representing a 20% drop compared to the 2019 record.

JLL estimates that by 2020 2.6 billion euros will have been invested in commercial real estate and another 24 billion euros in housing purchases in Portugal, which should be the third best year for this market.

The real estate firm considers that this was “a very resilient sector in the context of the pandemic crisis”, pointing to price and income stability in most segments, as well as a high volume of transactions.

“The year started at full speed in the different market segments and, had it not been for the proliferation of covid-19, 2020 would have been the best year ever for this sector, breaking new records”, says JLL general director, Pedro Lancastre . “After a 2nd quarter of panic in a context of absolute ignorance, the 3rd quarter was bringing normality to the sector, with transactions taking place, and the 4th quarter was already marked by greater confidence and the return of many investors to assets, also because the vaccine stopped being a mirage to become a reality “, he adds.

The head of Capital Markets at JLL, Fernando Ferreira, points out that the local capital, coming from open real estate investment funds and pension funds, “was much more active” and points out that the offices were one of the most desirable assets “. The retail segment “underwent greater scrutiny” by investors, due to the impact of the pandemic on the free movement of consumers, which caused a drop in the performance of many assets in this segment, especially with regard to shopping centers. statement sent to newsrooms.

With regard to the residential market and also to the industry and logistics market, there is “strong demand”, which is accompanied by a “lack of product”.

In 2019, 3.240 billion euros were traded in commercial real estate and 25.1 billion euros in residential, which means that in 2020 a drop of about 20% is expected compared to the previous year. In 2018, 3.356 billion euros were traded in commercial real estate and 24.1 billion euros in residential real estate.

Portugal stands out in 2021

The same real estate company is optimistic about the performance of the Portuguese market next year, stating that the country keeps “its attractions intact”, after leaving “well positioned” in the pandemic compared to other European counterparts.

Even so, JLL takes the opportunity to point out some growth brakes that already inhabited this market before the pandemic invaded it. The real estate firm argues that it is necessary to resolve the delays in the licensing processes and review the strategy for Gold Visas, “which can again be an important catalyst for the country’s economic recovery”.

See original article.

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Convento do Carmo – Expresso Economy

Article Expresso Economia | 09 November 2020

Fortera turns Convento do Carmo into apartments

Investment totals 10 million euros

The Fortera group will transform Convento do Carmo, in Braga into a complex with 70 apartments to which it adds some services, in an investment of € 10 million. The work on the convent, founded in 1564, will begin next year and should be completed in 2023, the group announced this Monday. Located in the ARU area, a few steps from the Braga market, in the historic center of the city, the project also includes a bar, pool, restaurant, gym, lounge and outdoor spaces.
It will bring a new life to the space that was in the beginning a convent, but it was also a military hospital, college and leisure and recreation space. The objective of the Fortera group is “to preserve the magic of the place”, says its executive president, Elad Dror.

The Fortera Group, specialized in the luxury segment, announced a global investment of € 250 million in pipeline, which includes the Skyline project, in Vila Nova de Gaia, a € 100 million project signed by the architect Souto Moura.
In the last four years, the company completed 9 real estate projects in Gaia, Porto and Espinho, corresponding to an investment of € 21 million, and in 2019 the amount invested in acquisitions totaled € 45 million.

See original article.