Sónia Araújo will be Ambassador of FORTERA
Television presenter Sónia Araújo will become the new face of most of the Fortera group’s real estate projects, including the new Alive Riverside concept.
The Fortera group is launching, in Vila Nova de Gaia, the Alive by Fortera concept, representing an initial investment of around 115 million euros and with a global investment forecast of 500 million euros in the next five years, in a thousand new homes.
The new concept consists of a series of services that make people’s lives easier, from spaces for sharing knowledge, to recreational activities, as well as moments of interaction, joint spaces for coworking. Fortera Properties was founded in 2015, focused on the luxury real estate industry. “Allied to her natural beauty, friendliness, intellectuality, Sónia represents the people of Porto, the north, the region, it is a profile that generates consensus, and at the same time, represents our market.
The objective of the new Alive concept is to celebrate well-being, tranquility and make people feel truly alive and, therefore, we believe we are the right person to convey the concept”, explains, in a statement, Elad Dror, CEO of Fortera group, regarding the new ambassador.
Source: Meios e Publicidade
Fortera will build the tallest building in the country in Gaia
The tallest building in the country – it will supplant the 26-story residential tower being developed in Lisbon – will also have “the most expensive apartments” in Portugal, the official said. In his accounts, the price per square meter of these residences, which will offer all the amenities of a hotel with the privilege of being at home, will be around seven thousand euros. The brand residences will have between 40 and 100 square meters and will be managed by a luxury hotel brand (still in the secret of the gods), and this is Fortera’s first project focused on foreign investors. For this, it is also not unrelated to the fact that the development has the signature of the architect Souto Moura, winner of the Pritzker Prize in 2011.
Established in 2015 and with 10 projects completed, essentially in Porto, Fortera has expanded its sphere of activity in the North region, having also invested in Espinho and Braga. In the latter city, the group has already approved the intervention in the Convento do Carmo, which will receive a four-star hotel with 71 rooms. In Espinho, Elad Drod is committed to building large-scale residential projects. In this city, Fortera acquired a land with 46 thousand square meters to develop projects that connect housing and services. Meanwhile, the manager is looking at other municipalities bordering Porto, such as Maia and Gondomar. For Invicta there are no plans for new investments, because there are already few opportunities.
Source: Live Money
Interfundos sells Via Gaia and Júlio Dinis buildings in Porto
Sociedade Gestora Interfundos sold two buildings in the Porto Metropolitan Area: the Via Gaia and Júlio Dinis buildings. CBRE advised Interfundos on the sale of the two buildings to Fortera and Horizonte Urbano Group, respectively
A profound transformation of the building follows. The Via Gaia building, which is located in a central area of the city of Gaia, has an area of over seven thousand square meters and will benefit from the proximity to the future metro line that will connect Gaia to Porto.
Elad Dror, CEO of Grupo Fortera, says that “we are designing a refurbishment that will position this building as one of the best offices in Gaia. It will offer all amenities to its tenants, such as a rooftop overlooking the Douro, a gym, restaurants and ample workspaces. This will still be, in the future, the new headquarters of Fortera, which will make us very proud». The Júlio Dinis building, located in the center of Porto, is an office building with four thousand eight hundred square meters that will be remodeled and converted into a residential building, meeting the high-end demand in this area.
Nuno Esteves, CEO of Horizonte Urbano Group, underlines that «this is another important acquisition for our portfolio and it will be, without a doubt, a residential project of reference in the center of the city. We are going to develop a high-quality enterprise, flexible and perfectly adapted to the new trends in the sector». Miguel Alvim, Head of Development Properties at CBRE Portugal, says that the “Porto Metropolitan Area has generated increasing interest in different investor profiles, both private and institutional, national and international.
These two transactions demonstrate the strong dynamics experienced in the office and residential market, with a special focus on assets to be repositioned. It is foreseeable that the entire Porto Metropolitan Area will continue to gain relevance on the national scene in the coming months, with several other transactions being concluded.”, says Miguel Alvim, Head of Development Properties at CBRE Portugal».
Source: Vida Imobiliária
Fortera with investments of 500 million euros but the situation may lead to new adjustments
Pursuing its strategy of implementing the Alive by Fortera concept in Portugal, the Israeli Group continues to develop projects that meet this way of life. Buildings that, in addition to the residential component, also include a set of services and amenities, in a global investment of more than 500 million.
Read more in Fortera with investments of 500 million euros but conjuncture may lead to new adjustments | Ramp up
Fortera predicts €150m investment in Skyline project
The Skyline project, which will be built by Fortera Properties, will cost 150 million euros, instead of an investment of more than 100 million euros, as had been reported. The property developer says that, cited by Idealista/news, the increase in investment from 120 million euros to 150 million euros is due to “changes to the project” and “significant increases in the construction sector”.
The so-called “tallest building in the country”, it is a 28-storey building to be built in the area of General Torres, in Gaia, which will be 100 meters high: it includes 111 luxury apartments with service, swimming pool, wellness, bar, two restaurants and panoramic view. It is estimated that apartment prices are around seven thousand euros per square meter, said the person in charge of Fortera, quoted by Dinheiro Vivo.
It is recalled that the project was announced in November 2020 with an investment of over 100 million euros, with Elad Dror, CEO of the Fortera group, aiming to start the work in 2021 and finish it within 2 or 3 years. Now, the start of this project is scheduled for the beginning of 2023, and is still pending analysis by the Technical Department of the Vila Nova de Gaia Chamber.
Source: Real Estate