Gaia new 3
Gaia new 1
Gaia new 2

Project specifications

Architect Saraiva & Associados

Location Cais do Cavaco , Vila Nova de Gaia

Project Residential

Start of works 2021

Gaia

Waterfront Living

Promiris acquired “Vila Nova de Gaia”, a land in front of downtown Porto, with a surface area of 51,190m² with a development potential of 31,800m² as approved by the City Council in June 2019 in a subdivision plan. The site comprises 5 distinct lots of respectively 12,900m², 11,660m², 5,930m² and 1,310m² with building possibilities and an important green area of 26,000m².

This exceptional site, located on the banks of the Douro River with a direct and spectacular view of the old city of Porto at the level of the Crystal Palace, will allow the development of nearly 270 housing units 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, a leader in residential development in Belgium, and the Portuguese real estate development group Silcoge, the seller of the land, which will remain a partner in the project through a minority stake.
The 5,930m² and 1,310m² riverside lots will be developed first and permit applications will be finalized in the first half of 2021. The development, given its exceptional location, will be subject to particular attention in terms of environmental standards and building quality. It will benefit from semi-public Agora and amphitheatre-type spaces and recreational areas in the green zone. The apartments will have particularly large terrace areas.

Project details

Architect Saraiva & Associados

Location Cais do Cavaco , Vila Nova de Gaia

Project Residential

Start of works 2021