Cascais pays €30 million for plots near Quinta da Marinha

Sunday, 25 January 2026RSS
Cascais pays €30 million for plots near Quinta da Marinha

The deal followed the taking out of a loan and the filing of a precautionary injunction after the landowners are said not to have respected the municipality's right of first refusal.

Context & Explainers

The right of first refusal (in Portugal, direito de preferência) lets a public body or designated party match a sale offer and buy property before the seller can sell to someone else. Councils use it to steer development or keep land public, which is why the municipality in the story exercised it to buy 32 plots and approved a loan to finance the purchase.

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