8 July 2019 – Richard D. K. Turner
Selina, the international hospitality and co-working group, will redevelop Porto’s iconic Edifício Árabe into a 700 square meter co-working and events facility. The group will invest €500,000 in the redevelopment. Construction is expected to terminate in September of this year.
The Selina Group leased the property, which is located at Rua José Falcão, 199, for 20 years. The co-working space will house up to 90 professionals and include a bar and events space for conferences or even art exhibitions.
Selina plans to invest a total of 250 million euros in Portugal by 2020. The firm will open approximately 20 hotels in the country during the next four years.
Original Story: Idealista