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SDC Investimentos will invest 11 million euros in the rehabilitation and conversion of the former Central Shopping Mall, located near Campo 24 de Agosto, in the center of Porto, in an office and commercial area. The Porto Business Plaza project is expected to begin in the third quarter of this year and transform into a gross leasable area of 17,000 square meters in approximately 10 months to accommodate services, which will add 1,000 square meters for retail and commercial use. 3,500 that will be transformed into spaces. versatile.
The former Central Mall, built by Soares da Costa in the 1990s, is one of the real estate assets of SDC Investimentos, which still holds 33.3% of the construction company. This will be the second phase of the commercial launch of this complex, which began with the installation of the Transdev bus terminal and continued with the rental of a Natixis building of French construction and technology Feedzai.
The redevelopment of the former shopping center, which will now include green spaces and a new restaurant and leisure area, will allow traffic between the streets of this block of the city and create a new access to the bus terminal.
Porto Business Plaza will have, for António Castro Henriques and Gonçalo Andrade Santos, shareholders of SDC Investimentos, all the conditions to accommodate different offices. It is even possible to rent an area of 6,800 square meters on one floor. As underlined today in the presentation of the project, it is a privileged location, given the proximity of the city center and the availability of public transport, as well as the city center. 39, easy access to the city.
Last year, 80,000 square meters of offices were installed in Porto. The lack of supply in this real estate sector has led developers to launch new projects. António Castro Henriques does not foresee any difficulties in setting up the spaces of Porto Business Plaza, two international entities potentially interested to date.
According to Cushman & Wakefield, who is responsible for marketing this project, 11 projects are currently being promoted in offices in Greater Porto, for a total of 170,000 square meters. For Duarte Corrêa of Oliveira, Cushman & Wakefield, "the Porto Business Plaza will fill the shortage of large service areas in the city center".
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