Standing on the old Monte do Olival grove in Gomes Teixeira Square, the building that now houses the Rectorate of the University of Porto was built on the foundations of the College of Orphaned Boys and the Church of Our Lady of Grace (XVII century).

Currently, and in addition to the Rectorate services, here are domiciled to the Old Library Fund, the Natural History and Science Museum. More recently, the building houses the U.Porto Shop and the Art Gallery (Galeria dos Leões).