Fortera to invest €500M in Portugal

 In Development, News, Real Estate

The Israeli real estate development group Fortera will invest €500 million on 1000 homes over the next five years in real estate projects with a new concept called Alive.

The developments are in various parts of Portugal but the main focus is in Greater Porto and the North.
In an interview with Jornal Económico, the CEO and co-founder of the group, Elrad Dror said that the idea behind the Alive concept is to ensure that the building design, its technologies and activities are resident-focused.
The developer explained that the Alive concept was reminiscent of the kibbutz and its voluntary collective communities in Israel and the Middle East.
The company was founded in 2015 with the aim of becoming a leader in real estate development and management in Portugal, specialising in rehabilitation and renovation.
Investments started in 2016 and, in less than 3 years, Fortera already was developing multiple projects with more than 270 apartments.
Fortera has 17 projects with 146,730m2 built, a total investment of €400 million, offers an average yield of 24% for investors. The company employs 150 in Portugal.
Projects include Azul, in Vila Nova de Gaia, Boavista ONE, Porto, Camilo, Porto, Campanhã Pinto Bessa, Porto, Campanhã Residence, Porto, and Espinho ONE, Espinho, near Porto.
The group is geared towards and focuses on short-term projects (up to 36 months), which guarantee maximum value for its investors with minimal risk.
Focusing on rehabilitation and sale (as well a management of projects that generate annual income), its team of specialists is always on the lookout for business opportunities that take into account the maximisation of the operation and respective profits.
With a proven track record for high value developments, the group has become very successful in recent years, ensuring a high return on investments.