One of the largest urban projects of Algarve and Portugal is under development. The Urbanization Plan of Vale da Amoreira (PUVA) will be situated in the Penha and Vale da Amoreira area, about a kilometer from the center of Faro. This project can transform Faro, making the city more modern and sustainable.
Partnership between the Fepest and an International Investor
The company FINANGESTE, in partnership with a foreign investor whose name was not disclosed, is leading this venture. According to the company, “it is one of the largest projects of the Algarve and Portugal”.
The project provides for the construction of 1,641 residential units, distributed in different lots. The total intervention area covers 21 hectares and has a building capacity of 168,000 square meters.
Commercial spaces, offices and senior homes
In addition to housing, PUVA will include spaces for trade, offices, students for students, health facilities and seniors. This diversity of offers intends to respond to the needs of the population and streamline the local economy.
Faro’s largest green park
The creation of a large urban park, with more than 10 hectares, is one of the highlights of the project. This will be the largest green space in the city and will include bike lanes, children’s parks and sports facilities.
Quality of life and urban requalification
The final stresses that the jump bet on urban requalification and sustainability. The goal is to create an environment that improves the population’s quality of life and contributes to the region’s economic growth.
Phased development
According to, the project is being implemented by phases, with 60% of infrastructures already completed. The company foresees that in the coming years, about 1,461 new housing will be placed on the market.
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Affordable houses
The residential units of PUVA will be marketed “at reasonable prices”, according to the end. This strategy aims to make housing accessible to a larger number of families.
Architecture and Reference Engineering
Landscape planning is in charge of architect Álvaro Manso. The development of the project also included the collaboration of specialized companies, such as CPU Arquitetos, Geg Engenharia, Oyster PM Inspection and Casais Construção.
Sustainability and Innovation
The PUVA is distinguished by the bet on sustainable solutions, both in construction and in the organization of urban spaces. The use of ecological materials and energetically efficient infrastructures is some of the priorities.
Economic and social impact
The project promises to boost the local economy, generating jobs and attracting new residents. The integration of varied services aims to make the area at an urban development hub.
New Centrality for Faro
With its dimension and diversity of functions, the PUVA can become a new centrality within the city, promoting structured and sustainable growth.
Long -term planning
The realization of this project will require several years, but its conclusion promises to change Faro’s urban landscape, reinforcing its attractiveness as a destination for living, studying and working.
A project with a vision of the future
The final is a relevant investor in the Portuguese real estate sector. With Puva, the company intends to consolidate Faro as a modern and sustainable city, prepared to face the challenges of the future.
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