Essential Business

Porto apartment block 90% sold

 In Construction, Development, News, Real Estate

A swanky new luxury Porto apartment block with homes fetching up to €2.5 million is already 90% sold off plan.

There are only two apartments left (€600,000) in Miramar Tower, with starting prices from €450,000 of which none are left at that price.
The project with 15 floors and 21 apartments at Foz do Douro comes from the majority shareholder of Global Media, Burgo Sublime. The tower building now under construction is located at the start of Rua de Diogo Botelho.
According to the real estate consultancy Predibisa, “19 units have already been sold” with just two flats still for sale, both on the ground floor. The second apartment still available is 214m2 with a Gross Habitable Space of 118m2 at €655,000.
The tower has one-to-four bedroom apartments with gross areas of between 159-613m2, offering over 200m2 of veranda per floor, and a common roof terrace.
Burgo Sublime is part of the Macanese group KNJ owned by Kevin Ho, which controls 35.25% of Global Media, a media group that owns the Portuguese newspapers JN, DN, O Jogo and Radio TSF.


Read More