This edition is marked by the absence of most of the professionals of Portuguese Real Estate mediation, as well as the institutions that license it, such as the Institute of Public Markets for Real Estate and Construction (IMPIC). This year the pulse of the real estate market in Portugal was lacking.

However, it is important to highlight the performance of international and national real estate development companies such as Bondstone with the projects Arcaya at Quinta do Morgadinho in Vilamoura, Bloomia, Santa Marta Townhouse, Calçada do Monte, and Alexandre Herculano 41 among many others in Lisbon. This was followed by Greenstone in Porto and The Coral in Cascais. Bondstone is a private equity firm specialised in the development and management of real estate projects in Portugal, in various segments. Its financial and operational partner is a Belgian group (Universtone) that has a history of more than 25 years in several countries, namely France, Belgium, and South Korea. They intend to bring to Portugal the knowledge acquired in these countries, especially in the creation of new projects aimed at the middle class.

Libertas associated with Norfin with its projects in Quinta da Trinidade in Seixal among others such as RIVA, Upon Bay Mundet, and in its own investment in Alcochete the Unique Tagus, in Lisbon the Unique Belém, Benfica and the Santa Clara Palace among others and in the Algarve the Albufeira Garden, Panoramic Pool in Faro.

Credits: Supplied Image; Author: Paulo Lopes;

As well as the Belgian real estate developer Krest Real Estate Investments (Krest) with three unique projects in the Algarve, Lisbon, and Oeiras that represent a total investment of 153 million euros, corresponding to an area of 63,400 square meters (m2) of construction. The projects in question are in unique locations in Portugal and will involve more than five hundred jobs in the areas of construction, design, and future management of buildings and their structures, Krest said in a statement.

The Pestana group, among others, was also present with its new developments, from Oasis 28, in Saldanha, with sixty-one apartments, from Studios to a 4-bedroom penthouse with impressive views over Lisbon and a swimming pool in the development. In the Azores, the Coliseu Residences with fifty-six apartments (T2 to T4) and gardens, an outdoor gym, and parking. In Madeira, the Fábrica Apartments & Lofts in Funchal, in a luxury condominium that results from the rehabilitation of the building of the old factory of the city's Beer Company, with twenty-five apartments, with superb views over the bay of Funchal, among others on the Alentejo Coast and in the Algarve.

Credits: Supplied Image; Author: Paulo Lopes;

But there were also some surprises in the exhibition, such as local actors who, due to the soul they have for their family's place of origin, bet on real estate investment in their family's place of origin. The promoter Plessis Sul is one such example that impressed me! The luxury condominium "Plessis" will be born in Olhão, in a space of 10,000 m2 with a contemporary, harmonious, and balanced design. It will consist of thirty-seven apartments from T2 to T4. All apartments will have private terrace spaces, and some will have a private pool on their rooftop, with areas ranging from 90m2 to 240m2, offering differentiating experiences in the surrounding and private green spaces. What impressed me was the will of the CEO of Plessis who confirmed to me that with the realisation of this real estate project in OLHÂO, in the Algarve. He wants to pay homage to his roots and his childhood. Something that I fully perceive as a son of Portuguese immigrants who were born and lived abroad. With this his tribute to his land and his childhood. He can materialise and combine his passion for the real estate business with more than 40 years, gathering his knowledge around this unique project for the community of Olhão and its municipality, by building a unique and excellent private condominium in a harmonious environment.

Author

Paulo Lopes is a multi-talent Portuguese citizen who made his Master of Economics in Switzerland and studied law at Lusófona in Lisbon - CEO of Casaiberia in Lisbon and Algarve.

Paulo Lopes