Landko, Banco Santander and Aedas Homes promoter seized an agreement on the development of the first residential project located in the Portimao (Portugal) of 116 houses, which will bring a turnover of more than 70 million euros.
This is the first alliance of these two companies And his goal is to develop this first project on Earth of the Landko portfolio, with a residential building of 14,000 square meters and 2200 commercial meters, according to the subsidiary of Santander in its statement. The project marketing has already begun and hopes to start building in the second quarter of 2026.
The goal is to carry out more projects in the area, therefore, if they manage to maintain active and sustainable demand, they ensure the development of three other towers, since In Landko, in total, four soils are able to develop almost 500 houses.
The first project is called Ribamar and is located in front of Praia de Rocha, a few 100 meters from the Algarian Sea, where they will raise the first Tower of 16 plants with housing 1, 2, 3 and 4 bedrooms and terraces up to 60 square meters With public areas such as a pool, gym, spa, social club, Solarium, children’s zone and coworking.
The agreement is part of the new Landko strategic approach to add to its main business (management, transformation and promotion of land for subsequent sale) The business zone is specialized in real estate promotion To continue to grow, support co -inversion agreements and qualified asset management to third parties.
Landco is currently managing a residential portfolio of 3200 housesAs a result of adding to your own portfolio of the company (more than 1,500 houses), integral management and marketing of another 1,500 houses in a joint venture with other partners.
