Simoga buys Porto plot for EUR 60 mln

Real estate firm Sociedade Imobiliaria de Gaia (Simoga) has invested about EUR 60 mln in the purchase of a two-hectare plot of land in Porto, northern Portugal. The company intends to invest about EUR 175 mln on the site to build a mixed-use development, Simoga's commercial manager Maria Massada said in a statement.

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