Quelfes, Faro 8700

Real Estate Development Opportunity: 23,500 m² of Gross Construction Area in Olhão for 150 Apartments This large-scale development asset in Olhão has been strategically designed to address the growing demand for modern housing in the region. With a project already submitted for approval, this property offers a unique opportunity to enter a substantial residential development with significant potential. Land Area: 9,100 m² Development Potential: 23,500 m² of gross construction area Project Structure: 9 independent residential blocks Licensing Status: Project submitted to the relevant authorities With the licensing process already underway, developers benefit from reduced waiting times and lower planning uncertainty, accelerating the return on invested capital. The division into 9 residential blocks allows for a phased construction and sales strategy. This approach provides greater project control and the flexibility to adapt supply to changing market conditions throughout the development cycle. Strategic Growth Location Olhão is currently one of the most dynamic municipalities in the eastern Algarve, benefiting from the continued appreciation of the Ria Formosa area and increasing demand for quality housing from both domestic buyers and international investors. The project's configuration allows for a diverse product offering, ranging from middle-market residential units to leisure apartments or coliving concepts, ensuring strong market absorption at both local and regional levels. This represents an outstanding opportunity for developers seeking volume, scale, and long-term value creation. Complete technical documentation is available, including: - Project description and technical report - Site plans and volumetric studies - Area schedules by block We invite interested parties to schedule a meeting for a detailed presentation of the project's technical and financial potential. Energy Rating: Exempt ref:RM013