Real estate developer and asset manager Âncora Investments has announced a partnership with PMA – Paulo Merlini Architects to develop two large-scale residential projects in the Porto Metropolitan Area, located in Canelas (Vila Nova de Gaia) and Águas Santas (Maia). The initial investment is estimated at 180 million euros, with the potential to increase as the projects progress. The developments are expected to total over 80,000 m² of above-ground construction and approximately 650 homes aimed at the mid-market segment. Construction is scheduled to begin within the next 12 months and will be carried out in phases.