Rivage invests €20 million in homes near Porto

 In Construction project management, Development, Luxury property, News, Property, Real estate investment

Residential developer Rivage Properties, founded by three civil engineers from Porto, is investing €20 million in homes at Foz do Douro, Antas and Gondomar.

The development company set up by João Ribeiro, Jorge Duarte, and Fernando Santos, focuses on developing “unique and sophisticated projects in strategic locations”, starting with Porto and its surroundings.
The developers currently have three developments in their portfolios, in the Porto areas of Foz do Douro, Antas and a third on the coastal road at Gondomar.

At Gondomar work will begin this month on the luxury residential development The View II in an investment of €20 million, bringing the total amount being invested in residential real estate developments by Rivage to €45 million.

Inspired by the region’s vineyard terraces and designed to blend in seamlessly with the Douro landscape, The View II will have 29 apartments distributed over six floors with two, three and four bedroom apartments with prices between €755,000 and €1.5 million, with the conclusion of construction slated for 2026.

The price of the two-bedroom apartments with areas of between 179m2 and 269m2 varies between €755,000 and €972,000; each three bedroom property (228m2 to 263m2) costs between €932,000 and €1 million; and the four bedroom apartments (391m2) will cost €1.5 million.