Lionesa buys six buildings in Porto for €2M

Lionesa buys six buildings in Porto for €2M

The Lionesa group has bought a set of six vacant buildings on Rua do Cativo, in Porto, for 2 million. The group, which owns assets such as Lionesa Business Hub, Balio and Livraria Lello, plans to build a new tourism and cultural project on the site.

The respective buildings were acquired with a collective housing project already approved by Porto City Council, but the future of the properties will be different, Pedro Pinto told Eco: "a new project will be delivered to the City Council" focused on cultural trade and tourism, which should move forward "after 2025.

The group said that in the latest version of the licensing approved by Porto City Hall, whose owner is the group's engineering company, Respalda, the project envisaged "unifying and expanding the six buildings to build collective housing and commerce on the ground floor", in a property that "will have five floors above ground and an underground floor", with 12 dwellings and eight parking spaces.

According to documentation consulted by Eco, the asset has a planned construction area of 2,265 square metres. Porto City Council told the same media that the architectural project "received a favourable opinion from all the entities consulted", but that during the construction Respalda would still have to carry out an "archaeological intervention, including preliminary assessment surveys, monitoring during the construction phase and registration of the building".

Respalda would also have to present a "technical note or preliminary report of the previous soundings, with the minimization measures of archaeological impact to be adopted during the construction phase".

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