New halls of residence opening in Porto in October 2019

Luxury student accommodation in Pólo Universitário da Asprela, Paranhos / Temprano Capital Partners
Luxury student accommodation in Pólo Universitário da Asprela, Paranhos / Temprano Capital Partners
3 September 2019, Redaction

The new student halls of residence Collegiate Porto Campus, which consists of 580 studio flats, is scheduled to open very soon in October 2019. This new concept of luxury student apartments, which was started in Lisbon with the Collegiate Marquês de Pombal and which is now coming to Porto, is located in the city’s Polo Universitário da Asprela, in Paranhos. The new halls are being promoted by Temprano Capital Partners, a private investor that was created in 2013, is based in Spain and which has joined forces with the British company Collegiate in Portugal.

Collegiate is now promoting this new student accommodation in Porto and information can be consulted on the website, by telephone, and is even included in the studies of certain real estate consultants like Perspetiva Imobiliária/CBRE. Temprano, in a statement to idealista/news, said that "the operator of the residence Porto Campus will be confirmed in the coming months" and that they "use a variety of international operators for our student residences".

Luxury student living for less

Located on Rua Dr. Manuel Pereira da Silva, a few metres from the Economics and Engineering faculties of the University of Porto, the new student halls will have significantly lower rental prices than those in the Collegiate Marquês de Pombal residence in Lisbon.

Temprano clarifies that, "although subject to confirmation", its "current expectation is that the prices of the Campus da U. Porto will be 450 euros per month, including services, amenities and high-speed internet connection".

At the Collegiate Marquês de Pombal residence, meanwhile, the prices charged on its opening date in January 2018 ranged from 587 euros to 1,400 euros per month.

At the moment, according to the rates available on the Collegiate Marquês de Pombal website, the prices of studios or single rooms for students range from 812 euros up to 1,600 euros for a penthouse studio with a terrace. Monthly rents for single rooms in these facilities include services and other amenities.

Porto is different

In the information available on the site, Collegiate highlights that the exact cost of renting one of these studios in the new halls of residence will soon be available, as well as other information and invites those interested to register on the website.

idealista/news spoke to some students who were looking for more information from Collegiate by phone. They were told that "the values would be lower than those in Lisbon", the reason being that "the residence is bigger" and that the "reality of the Porto market is different", according to one student.

State-of-the-art accommodation for students in Portugal

On Temprano's website, the new development is presented as "an 18,000 m2 project located on the university campus of Asprela". It adds that the project "will provide state-of-the-art accommodation for students" and includes, in addition to the flats, " an outdoor swimming pool within the landscaped inner courtyard, a movie theatre, library, gymnasium/spa, chill-out areas, common rooms, and private dinner party rooms.”

It also says that "the residences have a 24-hour concierge and the studios are fully equipped", having for example "household appliances in kitchens and premium bathrooms".

Collegiate and Milestone: neighbours and competitors

The Collegiate Porto Campus student halls will be next door to another private student accommodation residence built by the Austrian company Milestone. Interestingly enough, the two private residences are located just a few metres away from each other, on Rua Dr. Manuel Pereira da Silva, and are scheduled to open at the beginning of the 2019/2020 school year.

The developers of the two residences have invested in two plots of land that were still open, but which have a location very close to the various university faculties – both public and private – and good public transport links, especially via Metro.

Former Sonae Sierra staff now at Temprano

In Portugal, Temprano has two professionals with extensive experience in the market, both connected for decades to the Sonae Group. They are José Manuel Quintela da Fonseca, the architect who designed most of Sonae Sierra's shopping centre projects both in Portugal and abroad and who is now responsible for the concept and design of the project at Temprano, and João Pessoa Jorge, who has over 35 years of experience in the real estate sector in Portugal, Brazil, Colombia and China.

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