Non-Medical Residences for Seniors
New development of Promiris
Promiris opens a new partnership this time in the segment of non-medical residences for seniors, with a leading European operator.
In Vila Nova de Gaia (in front of the city of Porto), the residence will develop 126 apartments and nearly 1,300 m² of living space (restaurants, wellness, bar, lounge, swimming pool, etc.). The surface of the entire building will be approximately 10,500 m².
This is the Group’s first location in Portugal as part of its growth strategy in Europe and particularly in Southern Europe. The Group will seek to open several locations in the country’s major cities.
The Group is taking the whole residence on a long-term lease basis while participating alongside Promiris in the development operation and also opening its own base of final investors alongside the Promiris base.
The development is subject to prior approval by the City of Gaia.
Promiris and this group are exploring other collaborations.