The Portuguese construction company Teixeira Duarte recorded debts of nearly €20 million in the first half of 2021. The amount of debt rose compared to the same half in 2020 when the company’s [...]
Construction materials costs rose 6.5% in June on May while manpower costs also rose 6.5% (6.6% in May). The increase affected the price of building new build residential property according to [...]
The problem of providing new-build middle and lower middle class homes for affordable rent in Portugal may be one step closer to being solved. The Spanish company Ktesios, which has specialised [...]
The glut of liquidity floating around the international markets, continued low interest rates and competitive yields offered by the Portuguese market will continue to be important positive [...]
MGP, the holding controlled by the Mota family which owns the construction company Mota-Engil, netted €169.4 million from the sale of 23% of the company’s capital to the Chinese construction [...]
The Portuguese construction giant Mota-Engil has won a €165 million contract in Peru for a building contract in Porto de Callao. “The contract was awarded to its subsidiary company in Peru by [...]
Building costs continue to go up in Portugal with an increase of around 2.2% for the month of February according to the national statistics institute INE. The increase in costs for building new [...]
Portugal’s construction sector is set to grow between 1.2-3.2% this year thanks to public investment according to the association that represents it. The president of AICCOPN, Manuel Reis Campos, [...]
Two construction companies, Always Special and Lena, owned by Grupo Nov, are suing Caixa Geral de Depósitos (CGD) for €258 million. The common lawsuit was filed on Monday, at a Lisbon court with [...]
Portugal’s largest and most successful international construction giant Mota-Engil is gaining ground internationally in terms of current project contracts worth €4Bn. One large contract to build [...]
