According to a Resolution of the Council of Ministers, published in the Diário da República, the palace was valued at €7,324 million, while the properties the State will cede to the CIM are worth €6.251 million. These include the Convertidas building, CIM’s current headquarters, the former D. Luís de Castro School, and land designated for the future Vilar Campus Family Health Unit.
In return, the State will take ownership of Biscainhos Palace, located in the parish of Maximinos, Sé and Cividade, home to the museum of the same name. The value difference, of over €1 million, will be settled either from the Sale of the State-owned “Quinta da Arcela” in Lamaçães, or, if that is not possible in time, through funds from the “exceptional expenses” budget, to be transferred to ESTAMO, SA.
The Council of Ministers approved the property transfer on 7 August, concluding a negotiation process that began in 2017. Ricardo Rio, President of CIM Cávado and Mayor of Braga, welcomed the outcome, noting that the swap had been requested for over a decade.
The Biscainhos Museum reopened in May after a €1 million refurbishment. Built in the 17th century and remodelled in the early 18th century, the palace became a museum in 1978.
Its baroque gardens and collections illustrate the daily life of the 18th-century nobility and other residents, from chaplains to servants and slaves. The permanent exhibition includes decorative arts, musical instruments, transport, and fine art spanning the 17th to early 19th centuries. The palace has been classified as a property of Public Interest since 1949.