Vila Nova Gaia new 2

Project specifications

Architect Fragmentos

Location R. José Meneres 64, 4430-999 Vila Nova de Gaia, Portugal

Project Non-Medical Residences for Seniors

Surface 10.500 m²

Delivery 06/2023

Vila Nova de Gaia

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.

Project details

Architect Fragmentos

Location R. José Meneres 64, 4430-999 Vila Nova de Gaia, Portugal

Project Non-Medical Residences for Seniors

Surface 10.500 m²

Delivery 06/2023