The company Royal Prime will invest 29 million euros in the construction of a real estate development in Covilhã, which will include a structure with a capacity for 267 accommodations, as well as apartment buildings.

"We are talking about much more than a student residence. The idea is to have a central space with a capacity for 267 accommodations, which can be for young students, researchers, teachers and others. In addition, we will also have 100 housing apartments of different typologies," João Alegria, one of the company''''s leaders, told Lusa.

In addition to the accommodation, the development will integrate several complementary and support structures, such as indoor pool, gym, event room, library, cafeteria, laundry, cinema room and games room. "We want to create a space of quality and comfort, a concept that we have already been following in other investments that we have in the city in terms of the rehabilitation of real estate," said João Alegria.

The Chamber of Covilhã has already announced this investment, stressing the importance of the initiative for the positioning of the city in the offer of accommodation at the level of the best quality standards. "It is further proof that the municipality of Covilhã continues to be attractive to those who want to invest in the area of accommodation, urban rehabilitation and several other areas," added the mayor, Vítor Pereira, quoted in the press release.

The project in question will be located in the Urbanization of Caldeirões, right in front of the Faculty of Health Sciences, and has a gross construction area that exceeds 25,000 square meters (m2). Construction work is expected to begin during the second half of the year and the full investment will be realized over the next three years.

João Alegria also specified that 20 to 30 direct jobs should be created, already in the operation phase, and the construction will involve "many more people". With this bet, the company intends to consolidate the real estate operation that it has been doing in the city and guarantees that it will continue to follow one of its strategic pillars, which involves increasing "the development of partnerships with companies and local economic agents, namely in the real estate sector in construction.