Belgium company invests in sustainable housing in Campanhã, designed by Souto de Moura

The Belgium Krest Real Estate will advance the construction of over 70 thousand square metres nearby the Campanhã railway station, in na undertaking that contemplates housing, office space, hotel trade and catering. All these feature have a common denominator: sustainability. The project is signed by Eduardo Souto de Moura and the construction should start in 2022.

This commitment by Krest Real Estate is warranted by the mobility boom that will take place once the Terminal Intermodal is completed. “The area is amazing. When I saw the plot, nearby the Campanhã station, I did not think of a hotel or in offices, I saw mobility. That was my vision. And I told my team that we had to have that plot, whatever the cost”, affirmed Executive Director of the company to idealista/news.

Claude Kandiyoti goes as far as saying, “the market in Porto has potential for more projects by Krest”, as they are following new paths towards “new concepts of living” for the Portuguese: “regarding the offices where people can work as if they were at home or in relation to housing projects, we want to build houses where people can feel that they are in the office and well integrated with the issue of remote working. Everything combined within a more sustainable approach, with little use of a car, for instance”, he stated to the Visão magazine.

The “mixed used project, which will be versatile and shall work as a cluster for ecological, cretaive and collaborative perspectives, based in a new innovative urban dynamic” features sustainability as the outlining criteria , in line with the ESG-Environmental, Social and Governance, of improvement regarding mobility and access to education. The objective is to create “new places, regenerating the outskirts of the city”, affirms the Director of the Real Estate, to whom this is “a criterion we see as indispensable”

The endevour in Campanhã is Krest’s first investment in the city of Porto, but will not be the last. Claude Kandyioti ensures that “the bet in Porto is not for the future, it is for the present time, now. We have several projects in mind”, which may well be in the residential sector or another hotel.

In Portugal, the investment portfolio of the Belgian company amounts to 200 million euros.