With an ambitious plan to deliver over 2,250 homes by 2030, Nexor is starting strong with two large-scale projects in Gaia and Setúbal, comprising a total of 534 apartments. This decade-long venture represents an estimated investment of €225 million, underscoring Nexor’s commitment to addressing the pressing housing challenges in the country.

The first developments, including 366 units in Gaia and 168 in Setúbal, are scheduled to begin construction in early 2025, with completion expected within two years. Nexor aims to offer competitively priced homes, with one-bedroom apartments (T1) starting at approximately €160,000, two-bedroom units (T2) at €200,000, and three-bedroom options (T3) at €240,000. These prices reflect the company’s goal of providing modern, quality housing solutions at accessible rates, ensuring a balance between affordability and livability.

Nexor’s approach is rooted in delivering more than just housing—it aims to redefine the concept of affordability through sustainable, functional, and thoughtfully designed homes. Guided by the principle of "simple space, better living," Nexor plans to create residential spaces that prioritize practicality, minimalist aesthetics, and environmental responsibility. By focusing on modern needs and future sustainability, the company is poised to set a new standard in affordable living.

The venture draws strength from its two parent companies, with Arrow Global holding a 70% stake and GFH owning 30%. Arrow Global, a major player with over €90 billion in assets under management, has established a strong presence in Portugal’s real estate and hospitality sectors. GFH, a prominent Portuguese real estate group, brings extensive local expertise and a track record of successful projects. Together, they provide Nexor with the resources and experience needed to lead the affordable housing market.

Nexor’s operations extend beyond construction, offering comprehensive services that include project feasibility analysis, financial structuring, and marketing strategies. This holistic approach ensures that projects are not only delivered efficiently but also tailored to meet market demands. By combining innovative solutions with strategic planning, Nexor is set to make a lasting impact on Portugal’s housing sector.

This initiative marks a significant step toward addressing the housing shortage in Portugal. By providing affordable, high-quality homes, Nexor aims to enhance the quality of life for many while solidifying its position as a leader in the market. With its sights set on the future, Nexor is poised to play a pivotal role in transforming the real estate landscape in Portugal.

Author

Paulo Lopes is a multi-talent Portuguese citizen who made his Master of Economics in Switzerland and studied law at Lusófona in Lisbon - CEO of Casaiberia in Lisbon and Algarve.

Paulo Lopes