A Landmark Development for the Algarve
A transformative new real estate project is set to reshape the city of Faro and the wider Algarve region. The Vale da Amoreira Urbanisation Plan (PUVA), developed by Finangeste in partnership with an international investor, is one of the largest and most ambitious developments in Portugal.
Project Overview
Located just one kilometer from Faro’s city center, the PUVA project will span 21 hectares and offer a potential construction area of 168,000 square meters. The plan includes 1,641 residential units, making it a significant addition to the region’s housing supply. The development is divided into several lots, allowing for a mix of uses:
- Modern housing
- Commercial and office spaces
- Student residences
- Healthcare and senior living solutions
Green Spaces and Quality of Life
A key highlight of the project is the creation of a vast urban park covering more than 10 hectares—the largest green space in Faro. This park will feature cycle paths, playgrounds, and sports facilities, promoting a healthy and active lifestyle for residents and visitors alike.
Sustainability and Urban Requalification
PUVA is designed with a strong focus on sustainability and urban renewal. The project aims to enhance quality of life and drive economic dynamism in the region. Approximately 60% of the infrastructure works are already completed, and the first 1,461 residential units are expected to come onto the market in the coming years, with a commitment to reasonable pricing.
Investment and Development Team
The landscape architecture for PUVA was led by Álvaro Manso, with contributions from CPU Architects, GEG Engenharia, Oyster PM fiscalização, and Casais construção. Finangeste positions itself as a leading investor and developer in Portugal, emphasizing innovation and community impact.
Why This Matters for Investors
The Vale da Amoreira Urbanisation Plan represents a rare opportunity for investors seeking large-scale, sustainable urban projects in the Algarve. With its blend of residential, commercial, and green spaces, PUVA is poised to attract both local and international interest, further cementing Faro’s status as a key destination for modern living and smart investment.