Cândido Dos Reis | A New Residential Perspective In The Historic Centre Of Gaia

Located on Rua Cândido dos Reis, in the heart of the historic centre of Vila Nova de Gaia, this real estate complex combines scale, character, and transformation potential within a setting shaped by the tradition of the Port Wine Cellars and the proximity to the Douro riverfront.

Set on a plot of 2,764.30 m², the property comprises buildings previously used as warehouses and garages associated with the wine industry. Its configuration and presence along the urban frontage provide the foundation for a residential redevelopment proposal that seeks to balance the site’s heritage with contemporary urban living.

A Prior Information Request (PIP Type II) has been submitted to Vila Nova de Gaia City Council for the alteration and extension of the complex, with the aim of developing a collective housing project comprising studio (T0), one-bedroom (T1), and two-bedroom (T2) apartments, totalling 73 residential units.

The proposal includes the preservation of the main façade, up to four floors above ground level, two levels dedicated to parking, and four vertical circulation cores with staircases and elevators. At the centre of the development, a shared courtyard of approximately 600 m², partially landscaped and permeable, plays a key role in the overall layout and organisation of the project.

According to the planning report, the proposed development comprises a total gross construction area of 9,045.44 m².

The combination of a historic location, significant scale, and residential programme makes this property an attractive opportunity for developers and investors seeking to create a project with a distinct identity in Vila Nova de Gaia. The proposed concept allows for the exploration of housing solutions aimed at different buyer profiles, ranging from owner-occupiers to rental investment.

The PIP is currently under review and has not yet been approved. The implementation of the proposal, including its uses, areas, and final configuration, is subject to municipal approval and the applicable urban planning procedures.

Contact us to learn more about the property, access the available documentation, and explore the potential of this investment opportunity.