Log in

Login to your account

Username *
Password *
Remember Me

Create an account

Fields marked with an asterisk (*) are required.
Name *
Username *
Password *
Verify password *
Email *
Verify email *
Captcha *

€300 million business park and shopping centre planned to the south of Loulé

louleBusParkThe Economy Minister attended a presentation at the 2016 Lisbon Property Show at which a 60 hectare development plan was unveiled for the Loulé area.

A 'technology center for business innovation' to including shops, a wellness centre and leisure facilities, situated near the Via do Infante motorway’s Loulé junction, certainly was the largest real estate investment launched at the show.

This latest business park plus retail experience has been classified as a Development Centre (Núcleo de Desenvolvimento) and the government already has recognised this project as being ‘of regional interest.’

The investment is being promoted by Enolagest Group, which has assembled 38 Algarve-based companies involved in real estate investment activities.

Minister Manuel Caldeira Cabral was shown the plan of the project on the Garvetur stand and heard that the detailed plan calls for investment of about €300 million at the Loulé site to create a technology center for business innovation along with retail and leisure 'opportunities.'

Enolagest Group has confirmed that the project has received the green light from the government departments covering Industry, Tourism and Regional Planning, and (rather surprisingly) Nature Conservation and that the project can go ahead. This is the first the public has heard of the plan and that it already has government approval.

According to Reinaldo Teixeira, director of Garvetur, "the complex will be equipped with a 3,500 seat conference auditorium, a Wellness Center, as well as service areas, shopping and leisure, allowing the creation of around 2,000 direct jobs and another 1,000 indirect jobs."

The Garvetur-Enolagest project spokesman said the location of the complex, south of Loulé has good access, and that it "will contribute to the solidification of a tourism front across the interior of the Algarve and to the creation of other activities to combat seasonality in a framework of sustainable development in the Algarve region.”

The presentation of the project by Olavo Cruz from Difusor de Arquiteturas, was attended by several members of the Government, the President of the Portuguese Industrial Association Foundation (AIP) Cmdr Jorge Rocha de Matos and Luis Lima from the Association of Professionals and Real Estate Companies of Portugal (APEMIP) among other national and regional suits.




Pin It


+4 #5 Mr John 2016-10-10 21:58
Something just occurred to me this afternoon, i go to the newly opened Continent in Quarteira often, many local lads and lasses from the area worked there, a few weeks ago their contracts ended so they begin asking me to do odd jobs or if i had any scrap metal for them, these are the people who need it more and have less than most, so i told one of them i saw an advertisement for new workers at the new Ikea shopping mall, 3 unemployed people i told the story to all said the same thing, i have no transport, and the bus fare will consume over €200 per month, so it made me think, the turnover of staff in Continent is horrific so these new shopping centers will be huge so ''build it and they will come'' but where will the workers come from?
+2 #4 algarveandroid 2016-10-10 16:00
Times are dire , let them eat cake.

Why not use the white elephant site, the stadium , the last I remember reading about that is that its costing the council 1m a month to sit empty.

One would be tempted to follow the money on this, and see if anyone has recently bought up the land that's been suggested for the site.
+4 #3 Margaridaana 2016-10-10 10:15
Apart from another golf course, the last thing the Algarve needs is yet another shopping centre!
0 #2 liveaboard 2016-10-09 23:32
Quoting Maximillian:
Still missing a hospital with sufficient medical staff!

Who needs a hospital? there's going to be a WELLNESS center instead.
I don't know what that means, but it sounds very reassuring.
+9 #1 Maximillian 2016-10-09 18:30
Still missing a hospital with sufficient medical staff!

You must be a registered user to make comments.
Please register here to post your comments.