Secrets of a Century-Long History: Real Estate Provides a More Stable Income

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Villa Nova de Famalican is a century-long success story

Villa Nova de FamalicanhousesA century-old company, A Eléctrica, which continues to thrive and grow despite all the difficulties and challenges it has faced in its history. It was originally involved in the distribution of electricity, but over the years it has expanded its business interests to include trading in building materials, investment inreal estateand other activities.

History of the company's development

Established in 1924 by Antonio Dias da Costa, the company immediately began to diversify its activities, including trading, renting and repairing cars. In the following years, new areas were added, including a service station and restaurant, trade in building materials and household appliances. In the 1960s, the company began designing and installing painting and drying equipment.

Real estate investments

Real estate investment became one of A Eléctrica's priorities in the late 80s and early 90s.

This decision came after the sale of the EDP electricity supply network and the prospects opened up in the sectorreal estate. The company now has a property in commercial use in Villa Nova de Famalican, which generates a stable income.

Focus on real estate

For a long time, A Eléctrica was also involved in the trade of building materials, but the company is now not active in this market segment. Instead, it is focused on increasing the profitability of its real estate in Famalican.

The secret of success

Despite the challenges the company has faced over its century-long history, the secret to its success lies in its generational culture and its ability to adapt to changing market conditions. Today, A Eléctrica remains a family business with 23 members who continue to develop the business in line with the company's traditions and values.