Thor acquires senior residence project in Porto

Thor Spain Private Equity has bought a company which holds a plot of land on Porto’s Rua 5 de Outubro which has been earmarked for a residential home for the elderly.

The operation was undertaken via an intermediary Thor Port which bought the company that owned the asset, as well as the technical project and operator contract.
A six-floor building with an area of 6,910m2 is to be built on the land in a project that will have 96 individual rooms and eight double rooms. The project will be managed by DomusVi – a long term private care management company. The affiliate company of Thor Spain in Portugal – Thor Port – is currently studying a a portfolio of six operations with an estimated investment that will be made public this year.