Bondstone has plans to develop two residential projects in Portugal for a total investment of €50 million ($59.1 million). The firm has acquired the two sites in Porto and Cascais and secured planning consent. It expects to start construction of both in the first quarter of 2021, with completion expected in the first quarter of 2023.
The €35 million ($41.4 million) project in Porto, which is being developed in a joint venture with Violas Ferreira Group, a leading Portuguese family office, will comprise 36 high-end townhouses in Foz, the most exclusive residential neighborhood in the city.
The €15 million ($17.7 million) project in Cascais, a coastal town west of Lisbon, will comprise 15 luxury apartments and is being carried out by Bondstone alone.
