• 2026.05.08 (Fri)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
fashionrunwayshow2026
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
    • International Student Report
    • With Ambassador
  • Column
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
MENU
 
Home > Business

Lagoa Council Considers Purchasing Historic Winery to Prevent Development

Eugenio Rodolfo Sanabria Reporter / Updated : 2025-01-17 18:40:59
  • -
  • +
  • Print

Lagoa, Portugal – The municipal council of Lagoa is exploring the possibility of acquiring the historic headquarters of ÚNICA – Adega Cooperativa do Algarve, a local winemaking cooperative facing eviction.

The cooperative, forced to sell its headquarters in 2018 to settle debts, must find a new home by June. The building's future has been uncertain since the sale, raising concerns about its preservation.

Mayor Luís Encarnação revealed that the council was unaware of the 2018 sale, stating that the municipality was neither consulted nor offered the opportunity to purchase the property.

"If a similar sale were to occur now, the council would be in a position to 'exercise that right,'" Encarnação said.

The council's interest in acquiring the property hinges on its financial feasibility. "If the valuation is within the municipality's means, we'll consider exercising our right of preference," Encarnação clarified.

To safeguard the building's legacy, the Municipal Master Plan (PDM) was updated in 2021, prohibiting residential developments on the site. The PDM mandates that the property be used for commerce and services, with a focus on wine production and the creation of a wine museum.

Mayor Encarnação warned potential buyers to consult the municipality beforehand to understand the permitted uses for the property.

Meanwhile, the future of ÚNICA remains uncertain. The cooperative may face closure if it cannot find a new headquarters, a move that could have devastating consequences for the region's wine industry.

Relocating would involve complex logistics, particularly for aging wines. Premature transportation could compromise their quality and potentially downgrade Algarve's wines from their protected designations.

The closure of ÚNICA would leave the Algarve as the only wine-producing region in Portugal without such a cooperative facility, jeopardizing its cultural and economic diversity.

The Algarve Wine Commission (CVA) has expressed deep concern about ÚNICA's uncertain future, emphasizing its historical significance and the vital role it plays in the region's winemaking heritage.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #seoulkorea
  • #periodicoeconomico
  • #글로벌이코노믹타임즈
  • #GET
  • #GETtv
  • #대한민국
  • #중기청
  • #재외동포청
  • #외교부
  • #micorea
  • #my
Eugenio Rodolfo Sanabria Reporter
Eugenio Rodolfo Sanabria Reporter

Popular articles

  • South Korean OTAs Pivot to Inbound and Domestic Tourism Amid Middle East Conflict Despite Record 2025 Earnings

  • Trump Warns Iran Against Hormuz Tolls as "Joint Venture" Talk Recedes

  • Vance Leaves Islamabad Talks, Citing Iranian Negotiators' Lack of Authority: "The Ball is in Their Court"

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://www.globaleconomictimes.kr/article/1065605990707833 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • Hyundai Mobis Completes Independent EV 'Heart' Lineup: A Major Leap Toward Global Leadership in Power Electric Systems
  • OpenAI Redefines Human-AI Interaction with ‘GPT-Realtime-2’ and New Suite of Live Voice Models
  • Tensions Flare in Strait of Hormuz: U.S.-Iran Clashes Threaten Fragile Truce
  • UAE Sovereign Wealth Giants Descend on Seoul to Forge Strategic AI Alliance
  • U.S. Trade Court Strikes Down Trump’s ‘Global 10% Tariff,’ Citing Executive Overreach
  • POSTECH Researchers Double Metal-Polymer Adhesion via 3D Printing Surface Control

Most Viewed

1
Iran Imposes Transit Fees on Strait of Hormuz Amid Escalating Maritime Tensions
2
Korea and Vietnam Forge Strategic Partnership in Science, Technology, and Innovation
3
80% of Enterprises Hit by 'AI Agent Anomalies': SailPoint Calls for Integrated Identity Governance
4
Kurly Abandons 'All-Paper' Packaging Strategy Amid Rising Cost Pressures
5
Tradition Meets the Public: Chungju’s Gugak Busking
광고문의
임시1
임시3
임시2

Hot Issue

Tensions Flare in Strait of Hormuz: U.S.-Iran Clashes Threaten Fragile Truce

Tesla Model Y Becomes First to Pass Grueling New U.S. Autonomous Safety Tests

U.S. Trade Court Strikes Down Trump’s ‘Global 10% Tariff,’ Citing Executive Overreach

Hyundai Motor Group Bets $700 Million on Mexico Amid Trade Policy Volatility

Fashion Runway Show 2026

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 반달곰 프로젝트
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life 
    • 전체
    • International Student Report
    • With Ambassador
  • Column 
    • 전체
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Multicultural News
  • Jobs & Workers