The first phase of Portugal’s iconic Fuse Valley is starting soon with an investment of EUR 200 million according to Lusa. Portugal’s iconic Fuse Valley, that was nominated as one of the best new developments at the world’s leading real estate event MIPIM, will be developed in Porto’s northern region.
The investment by Farfetch and by Castro Group will ultimately be comprised of gardens, plazas and offices. The Smart Valley project as a whole embraces the river and includes 62,800 sq. m of offices, a hotel with 75 rooms and 42 apartments as well as 5,000 sq. m of retail space.
With the Greater Porto brand that was created by 3 Porto municipalities to attract investment in the region, Matosinhos in northern Porto will soon be developed into an iconic smart valley and the first phase is expected to be completed by 2027. The last phase of the project is expected to be inaugurated by 2030.
Fuse Valley will comprise an urban park developed on around 10 hectares and the innovative tech project will include the offices British-Portuguese online luxury fashion platform Farfetch.