Urban Rehabilitation of the Historic Centre

The Historic Centre of Vila Nova de Gaia, world-famous for its Port Wine, constitutes a unique investment opportunity. It is characterised by an urban shell dating back to the Middle Ages, with an extraordinary view over the city of Oporto and the ideal property structure characteristics for investment.

The urban rehabilitation project of this area, recently approved by the City Council, anticipates the full recovery of the public space and building patrimony, the construction of new housing, commercial and service areas and extensive green spaces. This intervention will make this place even more attractive and worthy of the wealth of affection and prestige it has today.

Characterisation of the area to rehabilitate: Area 154 ha

Advantages and Opportunities

• Historic Centre’s potential for prestige and affection among regional, national and international communities
• Strong urban identity and personality of the area of intervention
• Format of the existing occupation and socio-economic profile
• Direct relationship with the River Douro
• Proximity to the sea
• Strong economic and demographic dynamic

Intervention strategy :: Principles and Fundamental Values

• Environmental and Landscape
• Patrimonial and Cultural
• Socio-economic
• Urbanistic

Global Investment - 817 million euros

Public Investment - 182 million euros

Private Investment - 635 million euros

Global Horizon of the Project – 10 years

Intervention in buildings - 879 305 m2

• Building rehabilitation - 35% (308 200 m2)
• Rehabilitation of unoccupied and run-down areas - 21% (182 145 m2)
• New construction - 16% (140 360 m2)
• Cellar Rehabilitation - 15% (129 876 m2)
• Facilities - 9% (79 964 m2)
• Tourism - 4% (38 560 m2)

Public Space and Green Structure - 199 680 m2

• Green structure
• Public space

Anticipated variation in employment + 2 900 work posts

Anticipated variation in population + 6 400 inhabitants