Historic sardine factory in Portimão to become “residential community”

Historic sardine factory in Portimão to become “residential community”

Carvoeiro Branco Lda, in partnership with Sigmund Capital, has recently secured the purchase of the iconic São José Sardine Factory, situated along the picturesque banks of the River Arade in Portimão.

Following the successful development of Mabor and Feitoria in the Portimão area, Carvoeiro Branco initially “withdrew from further investment in this region”.

However, according to the developer, after “engaging in productive discussions with Mr. João Gamboa, the Head of Urban Development in Portimão, who astutely recognised the substantial potential of this project, the company decided to embark on this new endeavour”.

The acquired property boasts an impressive 8,000 square metres of land, with an existing building spanning 5,900 square metres. It is strategically located in the Portimão riverside area (zona ribeirinha), “an emerging area in the Algarve with promising growth prospects”, said the developer.

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Portimao Sardine Factory

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