The Santa Casa da Misericórdia do Porto (SCMP) has announced that it will sell, by public auction, land that includes the old Candal stadium in Gaia, next to the future Rubi Line of the Porto Metro, for a base value of 24 million euros.
According to an advert published in the press, this is ‘a competitive public auction for the sale of the property known as “Quinta do Candal”, located at Rua Zeferino Costa n.º 107 a 111 (via Edgar Cardoso)’, in Santa Marinha, Vila Nova de Gaia.
At stake are the headquarters of the Clube Desportivo do Candal and the grounds of the old Rei Ramiro stadium, as well as other adjacent areas crossed by the Edgar Cardoso road. The land already has an approved Prior Information Request (PIP) with a building capacity of 38,774.30 square metres above ground and 18,037.50 square metres below ground. The area will in future be served by the Rubi Line of the Porto Metro (Santo Ovídio - Casa da Música), and will have a station nearby (Candal), which is currently under construction.
Lusa asked Santa Casa da Misericórdia do Porto about the reason for the sale of the land, and an official source from the institution replied that it was ‘the sale of land whose value will be used for internal investment in Misericórdia do Porto's facilities’. Misericórdia's ‘main objective is to apply a large part of the value resulting from this transaction in internal investment, namely in the modernisation, remodelling and optimisation of the institution's structures and infrastructures, in its various areas, particularly in its hospital units and Residential Structures for the Elderly’.
With this investment, Misericórdia do Porto also intends to ‘requalify its housing and property stock, as well as ensure better working conditions for its approximately 1,300 employees’.