12 August 2019
U-World, a Portuguese student housing firm, is looking to begin construction on a student residence in Braga, its first development under the U-Loft brand. The company is simultaneously planning a second investment, this time in Coimbra, where it recently signed an agreement to acquire a plot of land nearby to the local university. A third project to set to go ahead in Aveiro, as U-World is planning a total investment of 67 million euros to build 1600 beds.
The Braga project will consist of 230 flats, ranging from studios, 80% of the total, to four-bedroom flats, with a total of 368 beds. Construction on the 20-million-euro project is set to begin shortly and conclude at the end of 2020. U-World has already sold 39% of the units sold, many to Brazilian investors. The firm plans to charge around 250 to 300 euros for a 15-m2 studio.
Original Story: Dinheiro Vivo – Sónia Santos Pereira
Adaptation/Translation: Richard D. K. Turner