en 
According to a report by idealista, the property will be
demolished and a mainly residential project is expected to be built on the
site. This project will have the signature of the renowned British architect
Norman Foster.
According to CBRE, which advised Bain Capital Credit on the
transaction, the CascaisVilla shopping centre is in operation, but the Cascais
Municipal Master Plan (PDM) already provides for its demolition and the
construction of a new project.
“The Cascais City Council intends to renovate the eastern
entrance to the town and this new project is in line with this strategic
orientation. The new buildings will reinforce the town of Cascais with modern
architecture, but in harmony with the built heritage of the municipality, with
a continuous green space and a new central square for public use, promoting a
pedestrian crossing that connects the station area to the area where the
Cascais market is currently located”, reads the note.
Nuno Nunes, Senior Director of Capital Markets at CBRE
Portugal, says that it is “a structuring operation”, while also being “an
emblematic transaction, in the sense that it will give new life to Cascais and
the people of Cascais”.
“ (…) This operation once again reinforces the solid image
that Portugal has been able to maintain with international investors and its
ability to position itself, even in a context of global uncertainty, as an
attractive hub for attracting talent and new investment”, he adds.
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If its British designded it will be a ugly concrete block like all the other houses / villas
By J from Lisbon on 05 Nov 2022, 18:15
My Family ist from Cascais for generation but one year ago i flew from Cascais. IT IS a shame what they are doing to the town! Very very sad .
By Ana Tito from Other on 06 Nov 2022, 08:20
We should be asking ourselves and the government at what cost does all of this foreign investment come. What happens to the local businesses in Cascais Villa and the whole area? What happens to the people who have lived and worked in this area for decades? Are they going to continue to be forced to the fringes to make way for housing for the privileged? Is the greater Lisbon area going to become even more reliant on tourism and foreign investment turning the workforce and future workforce into service industry jobs? Do these predatory investors have ANY stipulations placed on them from the government other than making sure their monstrosities "blend" with local architecture? I think for every 1 million euros invested an investor should send 10 Portuguese/African/Brazilian kids to an EU university of the kids choice.
The rich (with the permission of the gov't) think nothing of displacing people, ruining small businesses and changing the diverse cultural makeup of neighborhoods for their own insatiable appetite for profits.
Investing here should cost them not just money (which they will get back 10 fold) but also it should be mandatory that they give back in a more meaningful way.
By GM from Lisbon on 06 Nov 2022, 10:10
What a shame, a British architect, Portugal losing it's own distinct identity, which is actually what brings tourists in. A country, like many others today, just willing to give everything away and be left with nothing.
By Daniel Carvalho from Lisbon on 06 Nov 2022, 12:09
If there weren't enough evidence Cascais is being run my a real state mafia. Carcavelos is also being robbed of the little green spaces that are still free from concrete. This is the same city council that silently allows real state lobbying to influence e-Redes to remove a high voltage line from land being gentrified and put a pylon right next to middle class appartments buildings, the pylon being higher than said buildings and in the process dstroying the few green spaces of the neighborhood. Cascais is run by crooks!
By Alex Dias from Lisbon on 07 Nov 2022, 10:40
As requent visitors to the area, we have been horrified by the redevelopment projects which are unsightly and totally unsuited to the nature of what was a charming fishing village in former times. Property is unaffordable and unattractive and the traffic chaos caused is totally detrimental to the continued popularity of the local beauty spots. The new Auchan complex is user- unfriendly and the access to the carpark is hazardous. We have been there once and that is the last for us
The first enormous eyesore was the block replacing the former horror which wss the Estoril Sol hotel and that was the start of this redevelopment nightmare.
By Barbara Solomons from UK on 07 Nov 2022, 12:18
Another lose of local amenities for the sake of empty holiday homes.
By Peter John Dicker from Algarve on 08 Nov 2022, 10:00