Of this amount, the municipality should invest directly around €100 million, if the proposal goes ahead. The project to be developed in 25 hectares of land is expected for housing construction, about 700 affordable income houses, commerce, offices, green spaces and social facilities.
The batch of the old “Feira Popular” is the largest portion of the project. After two public auctions without interested, the City Hall decided to sell the land in three parts in order to attract international companies and investors. Here, according to President Fernando Medina, will be created "a high-quality office center", quotes Público.
Will be launched public auctions for each of the three plots, and buyers will have a definite plan to complete, which specifies the exact places and volume of future buildings, as well as the public space structure, to occupy 60% of the total land.
In addition to the offices, the former “Feira Popular” should give way to 279 houses (at market prices).