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Rivage is investing $20 million in building homes on the outskirts of Porto. Prices between 755 thousand and 1.5 million – Real Estate

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Last year, three civil engineers from Porto came together to create a real estate development company, Rivage Properties, which focuses on developing “unique, cutting-edge projects in strategic locations,” starting with Invicta and its surrounding areas specifically.

João Ribeiro, with his own construction projects; Jorge Duarte, a businessman in the ornamental stone industry; Fernando Santos, Director of Addsolid, an urban construction and rehabilitation company, currently has three projects in its portfolio, in the Porto areas of Foz do Douro and Antas, as well as another project on the Gondomar waterfront.

In addition to the three luxury complexes under development, Rivage is once again focusing on the riverside district of Gondomar, on the outskirts of Porto, and this month aims to begin construction of The View II, a luxury residential project estimated to cost €20 million, raising the value of the developer's global investment. New real estate to 45 million.

Inspired by the terraces of the wine region and designed to integrate the Douro landscape, The View II will contain 29 apartments spread over seven floors, in types T2, T3 and T4, with sales prices ranging from €755,000 to €1.5 million. The construction is expected to be completed in Year 2026.

The T3 building, with an area of ​​​​about 250 square meters, will cost between 932 thousand and 1 million euros

The price of T2s, which range in size from 179 to 269 square metres, ranges between 755,000 euros and 972,000 euros. Each T3 room (228 to 263 square metres) costs between 932,000 and 1 million euros; and T4 (391 sqm) 1.5 million euros.

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For João Ribeiro, founder and CEO of Rivage Real Estate, The View II reflects the company's goals as a luxury real estate developer: “For us, it is important to invest in strategic locations that value cultural heritage and promote, above all, good quality of life,” emphasized the businessman. .

The View II, designed by architect Paolo Merlini, demonstrates its commitment to sustainability, “through the contrasting choice of its materials and its balconies overlooking the Douro with a south-facing façade, reducing the need for energy consumption.”

The View II is divided into two phases, with construction and sales scheduled to begin this month, and has “already sold 50% of the parts belonging to the first phase,” guarantees the person in charge of the Rivage.

“Featuring large spaces, natural lighting, balconies and private pools overlooking the Douro River,” the project will also contain “a fully equipped gym and shared living space.”

However, the CEO of Rivage Properties points to the real estate developer’s goal of expanding its portfolio and continuing to make “more diversified investments, which are integrated into the environment and have a role in the local development of the region, in addition to being By belonging to the community, through spaces that encourage interaction and coexistence.

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