REAL ESTATE

Real estate promotion activity (project design and development, marketing and commercialisation), as well as real estate mediation, are undertaken by means of a set of companies associated under a common corporate entity: the AFA Real Estate brand. 

 

In this business area of the group, the portfolio includes investments in the Autonomous Regions of the Azores and Madeira and in Mainland Portugal. The AFA Group maintains a serious commitment to the real estate sector, borne out by a growing intention to invest in this area.

 

At present, the portfolio of the group includes the development of the following projects:

 

  • Ginjal - 90 000 m2 of construction

 

  • Varino - 67 629,12 m2 of construction

 

  • Monumental Road - 41 471,50m2 of construction

 

In the area of real estate industry, turnover in 2019 reached 11,1 million Euros.

As part of the AFA Group, AFA Real Estate has as its main business activity the marketing of properties built and promoted by the business group to which it belongs. This business activity began with the marketing of building lots in the municipality of Calheta, an activity which, still today, is responsible for a significant portion of our turnover.