Porto
Location
Year of acquisition
Former use
Size
Redevelopment
Program
Status
Porto Freixo
The 6.5 ha site was acquired in August 2021. The former thermic power plant is located on the Northern side of the Douro River, close to the riverfront and supplied energy to the Porto region from 1922 to 1958.
As a result of past urban and industrial activity, the soil is generally polluted with low levels of metals and very occasionally with PAHs. The demolition work resulted in the recovery of 15,000 m³ of materials and the elimination of 110 tonnes of asbestos. The construction project will require the excavation of 80,000 m³ of soil, including 62,000 m³ for the construction of an underground parking.
Internationally renowned Portuguese architect Eduardo Souto de Moura has been selected to design the comprehensive masterplan for a 78,500 sqm mixed-use development. The project will include residential units, a senior residence, office spaces, and facilities for tertiary activities.
Circular economy is one of the key features of this project: on-site reuse of unpolluted excavated soil, rehabilitation of historic buildings and reuse of elements such as the granite pavers of the old factory.