Promiris has acquired "Gaia Hills" opposite the city centre of Porto, a 50.000m² site with a tremendous development potential for residences and green areas.
This exceptional site, located on the banks of the Douro River with direct and spectacular views of the old town of Porto from the Crystal Palace, will allow the development of around 270 homes in different phases.
The development was the subject of an architectural competition won by the firm Saraiva & Associados.
The development will be carried out in partnership with the Thomas & Piron group, and the Portuguese property development group Silcoge.
Two lots along the river will be developed first and permit applications will be finalized in early 2023, with construction starting in late 2023. The development, given its exceptional location, will be subject to special attention to environmental standards and building quality. It will benefit from semi-public spaces such as the Agora and amphitheatre and recreational areas in the green zone. The flats will have particularly large terraces.