Development of twelve residential apartments, six one-bedroom and six twobedroom units, in an up-and-coming quarter of central Porto, a short walk fromthe metro, Santa Catarina and Bolhão. The plot was acquired outright, givingBlack Mule full control over delivery from day one. The architecture license wasapproved at entry, reducing licensing risk, with construction beginning in late2026 and completion expected in 2028.

A contemporary low-rise building with generous balconies and rooftop terracesoriented to open city views, and garage parking for all two-bedroom units andone of the one-bedroom apartments. The structure uses self-supporting graniteblocks, a modern and sustainable construction method, complemented by heatpump climate systems and rooftop photovoltaic panels for strong thermal andenergy performance. The surrounding quarter is undergoing municipalrequalification, with the extension of Alto da Fontinha Street bringing freshpublic investment to the neighbourhood.

• Pre-development: feasibility, structuring, financing arrangement
• End-to-end project management, plot acquisition to unit sale
• Financial modelling, valuation analysis, investor reporting