State heritage properties are a very important part of the historical, cultural and social identity of a country, and make a rich and distinctive contribution to the attractiveness of a region and the development of tourism.
Recognizing that it is a strategic asset, present throughout the national territory, and the importance of ensuring its preservation, valuation and disclosure as well as a more wide access to its enjoyment, Government has launched REVIVE program, which opens up properties to private investment to develop them as tourist attractions by concessioning them through public tendering.
This joint initiative of the Ministries of Economy, Culture and Finance, aims to promote and streamline the processes of rehabilitation and valorization of vacant public property, making it suitable for tourism-oriented economic activity, enhance the attractiveness of regional destinations, deconcentrate demand and develop various regions of the country, generating wealth and jobs, thus contributing to the economic and social cohesion of national territory.
The REVIVE program is conducted by a technical team that includes representatives of the Cultural Heritage Department, the Treasury and Finance Department, the Nacional Defense Resources Department and the Portuguese Tourism Board, with the involvement of the municipalities in which the properties are located, which, together, safeguard, through tendering, the classified heritage and the use of properties suited to the development needs of each region.
It is also a pillar of the REVIVE program to restore heritage with respect for the relevant architectural, cultural, social and environmental values.
The model provided for in REVIVE program therefore involves high-value public properties that are not being enjoyed by local communities and their visitors, by undertaking private investment, making them apt for use in an economic activity, namely in areas related to hotels, restaurants, cultural activities, or other forms of entertainment and commerce, preserving the values and pre-requisites that determined the domain of these assets and their public property, while also finding mechanisms that allow the pursuit of the objectives of rehabilitation and valorization of assets targeted.
The inclusion of real estate in the REVIVE program is determined by the members of the Government competent to this effect, depending on their affectation, upon proposal or favorable opinion of the REVIVE Technical Team, and always with the agreement of the municipalities where the real estate is located.
The REVIVE program may incorporate real estate with architectural, historical, cultural or other important value, owned by municipalities, public institutes or public companies, following a favorable opinion of the REVIVE Technical Team and the agreement of Government members responsible for finance, tourism and culture.
Once the tender has been concluded, the licensing of the works shall follow the procedure stipulated in Decree-Law no. 555/99 of 16 December, in its current wording (Urbanization and Edification Legal Framework), and in Decree-Law no. 39/2008 of 7 March, in its current wording (Tourism Resorts Legal Framework), when dealing with hotel establishments, or in Decree-Law no. 128/2014 of 29 August, in its current wording (Local Accomodation Legal Framework), when dealing with local accomodation establishments.
Interventions that involve properties that have been classified as being of national interest, that are jointly classified, in the process of being classified or located in the respected General Zones or Special Protection Zones are subject to a binding opinion from the Cultural Heritage Department (cf. namely Law no. 107/2001 of 8 September, which establishes that the bases for the policy and framework for protecting and adding value to cultural heritage, and Decree-Law no. 140/2009 of 15 June, which establishes the applicable legal framework of the studies, projects, reports, works or interventions involving classified cultural assets or assets that are undergoing classification).
In order to support the necessary investment to rehabilitate the properties envolved in REVIVE program, investors selected in the context of calls for tenders for the concession of these properties may access the financing credit lines made available by Turismo de Portugal, I.P., namely:
- Line of credit with mutual guarantee (specific line designed for REVIVE program, for SMEs) - check here General Conditions of the REVIVE_SPGM Line;
- Offer Qualification Support Line (projects supported within the scope of this line that are bidding on development of the interior of the country shall benefit from a performance premium of up to 20% of the Turismo de Portugal, I.P. support component) - check here http://business.turismodeportugal.pt/pt/Investir/Financiamento/Programas_incentivos/Paginas/Linha-de-apoio-a-qualificacao-da-oferta.aspx.