OrangeSpace will establish itself at Porto Business Plaza in a facility that will have approximately 6,300 m² and 800 storage units.
The Porto Business Plaza Terminal, formerly the Campo 24 de Agosto bus terminal, will host the largest self-storage facility in Northern Portugal. The space, which currently spans 4,500 m², is undergoing renovations that will expand it to 6,300 m². The new facility will be operated by OrangeSpace External Link, which has signed a 25-year lease agreement. In this transaction, Cushman & Wakefield (C&W) represented Grupo Capitólio, the owner of Porto Business Plaza.
The self-storage concept originated in the United States and has been gaining popularity worldwide, offering a practical solution for those in need of extra space. OrangeSpace is one of the leading companies in the sector, with locations in cities such as Gaia and Lisbon. The new unit in Porto will be the company’s second largest, standing out for the flexibility of its services—eliminating long-term contracts, deposits, or minimum stay periods, setting it apart from most rental market offerings.
The facility will be spread over two floors and is expected to include approximately 800 storage units, ranging in size from 1 m² to 40 m², with prices between €30 and €600. In addition to the self-storage business, part of the former structure will be adapted to house the offices of Grupo Capitólio.
“The conversion of the former Campo 24 de Agosto bus terminal for the installation of OrangeSpace in Porto Business Plaza is a strategic operation that positively impacts the area and enhances the service offering in central Porto. This project highlights the strong growth of the self-storage market in Portugal, driven by urban densification and the shortage of storage space. The growing maturity of this sector reinforces its role as a viable and sustainable alternative in urban space management. We are grateful to be part of this project,” said João Paulo Silva, consultant in the Industrial, Logistics & Land department.
