DO WITH TIME ALL YOU DESERVE ECOLOGICALLY-SUSTAINABLE PIONEER INVESTMENT IN ÓBIDOS, PORTUGAL Serena Senior is a shovel-ready project with 13,581m2 of approved construction. The property has an area of close to 5 hectares (47,040m2), and an excellent solar exposure. The project was designed to offer a high-quality secure environment, new experiences, a great variety of activities, a feeling of exclusivity, all the while respecting the environment. Designed to deliver Health and Wellness services for to the general public, but especially to seniors. All apartments have terraces facing south with views of Óbidos castle, and overlooking the lake on the property. The Landscape Architecture, with over 25,000m2 of gardens, has been carefully conceived to offer leisure spaces and outdoor activities, as well as the promotion of interaction with the natural environment. Overview - Serena Sénior No bureaucratic hurdles remain, as the project has been approved by local authorities. If the investor wishes to modify the project’s architecture or overall concept a request must be made to the municipality (Óbidos), which, in turn, must be actioned within 60 days, in line with current legislation. It is important to highlight that the ecologically-sustainable development plan of Óbidos foresees the implementation of health and wellness facilities such as Serena Senior. Since it is a priority of the municipal government to foment the implementation of this type of facility in Óbidos, Serena Senior will receive the full attention and support of City Hall. This favourable stance was confirmed by the Mayor of Óbidos in a meeting on 2015.06.16. 34 36 APARTMENTS 38.75 m2 APARTMENTS 66.02 m2 (Single) (Double) Overview - Serena Sénior - Double Apartment Due to the existing market gaps and the lack of infrastructure to meet the current domestic and international demand, Serena Senior was designed to cover a range of services, such as: HEALTH & WELLNESS TOURISM; ASSISTED-LIVING RESIDENCES, WITH GERIATRICS AND GERONTOLOGY CLINIC FOR PEOPLE WITH SOME DEPENDENCY; POST-OPERATIVE RECOVERY, STAY OR AMBULATORY; RESIDENTIAL CLUB FOR ACTIVE SENIORS WITH MEDICAL CLINIC SPECIALIZED IN PREVENTIVE TREATMENTS; CLINIC FOR REGENERATIVE MEDICINE, ORTHO-MOLECULAR THERAPY AND ANTI-AGEING; HEALTH AND WELLNESS CENTER WITH MEDICAL TREATMENTS, REJUVENATION AND AESTHETICS, AMONG OTHERS. The investor(s) should determine whether the current concept is to be maintained, or modified. Only after this decision is made will it make sense to commission an economic study and a business model, based on a Market Study closely aligned with the chosen concept. The chosen concept will delineate a number of elements that are to be part of the relevant economic study, and will in turn suggest the appropriate project business model(s). The chosen business model will, quite naturally, drive the ROI. The final business model might also entail making adjustments to the physical project, altering interiors and the number of rooms, for example. It is possible to change the entire project, as long as the approved index, the height and the 13,581m2 of construction area are maintained. It is also very important to highlight the fact that, in keeping with the INCENTIVE SCHEME FOR BUSINESS INVESTMENT, approved by the Portuguese Ministry of Economy and Tourism, seeking to stimulate entrepreneurial innovation and entrepreneurship in the establishmen of a new corporate entity, and valid until 2020, there is a financial participation on eligible costs, up to 25 million Euros. UNMISSABLE OPPORTUNITY TYPOLOGY OF BUSINESS INNOVATION AND ENTREPRENEURSHIP Financing Non-refundable Incentives Refundable incentive without interest BASIS RATE 35% (maximum limit: 75%) <<TYPE OF COMPANY>> INCREASES Medium or Small (SME) Companies with eligible expenses >= 5 M€: 15% Small Companies with eligible expenses <= 5 M€: 25% <<LOW DENSITY TERRITORIES >> : 10% <<DEMONSTRATION OF DISSEMINATION>> : 10% <<TYPOLOGY ENTREPRENEURSHIP>> : 10% <<YOUTH OR FEMALE ENTREPRENEURSHIP>> : 10% <<SUSTAINABILITY>> : 10% 8 years / 2 years grace period: Repayment for 6 years REPAYMENT PERIOD TRAINING COSTS ENTREPRENEURSHIP VOUCHER 10 years / 3 years grace period: Repayment for 7 years Construction or Installation of new Hotel establishments and Resorts Basis rate of 50% (increased to the total limit of 70%) * * Expenses not included in the articles nos. 03 and 04/SI/2015 Maximum rate of 75% (limit of €15,000) TYPOLOGY BUSINESS INNOVATION AND ENTREPRENEURSHIP Main Requirements for an Eligible Project Its architectural project has been approved, by the competent municipality or local authority, or on the basis of the applicable licensing scheme it has been submitted to the respective authority prior notice (on the application date). The company is aligned with national and regional strategies targeting for the tourism sector. The date of the application is previous than the date when the work starts. To begin within a 6 months deadline, after the financial decision has been approved. Present evidence of economic viability and that all financial resources are secured, including own capital funds (minimum 20%) wherein the beneficiary must secure at least 25% of the eligible costs with own resources or others which do not include any state financial support. Maximum execution period of 24 months, except in justified circumstances. TYPOLOGY BUSINESS INNOVATION AND ENTREPRENEURSHIP Eligible Costs of the Project Tangible assets, specifically acquisition costs of machinery and equipment. computer equipment, including the necessary software. Intangible assets, technology transfers through the acquisition of patent rights, national and international: licenses; “know-how”, or technical knowledge not protected by patent rights; standard software or developed specifically for certain purposes (eligible up to 50% of them, for the Productive Innovation Area projects not SME). Other investment expenses to the limit of 20%, or 35% for entrepreneurship projects, of total eligible costs of the project: TOC and ROC (up to € 5000): engineering services; studies, diagnostics, audits, marketing plans; architectural projects, by entrepreneurship voucher: consultancy services, like developing a business plan as the necessary consultancy services essential for the startup of newly created companies. Human Resources training for the project. In justified circumstances while in exercise of the touristic activity, it can also be included as eligible costs, circumscribing material constituting the development of the activity itself, so long as they are directly related to it. In justified circumstances, the construction of buildings, renovation and other construction works, as long as acquired by third parties not related to the purchaser. www.portugal2020.pt www.turismodeportugal.pt We know that social needs represent a major market opportunity, and that Central and Northern Europe is a strong outbound market of clients and users for this type of project. The EUROPEAN UNION by itself, has over 100 MILLION SENIORS OVER 60 YEARS, most live in freezing temperatures for 5 - 6 months in Central and Northern Europe. The West Region of Portugal has a fantastic climate with positive temperatures throughout the year, AND A LOW COST OF LIVING approximately 20 30%, lower than that in Central and Northern Europe. AVERAGE ANNUAL TEMPERATURES ON THE SILVER COAST The Silver Coast is famous for its year-round warm temperatures and wonderfully-refreshing Atlantic breezes, offering a cooling effect against the long hot summers. Average Temperature (24 hours) Spring 14 - 18 ºC (57 - 64ºF) Summer 20 - 30 ºC (68 - 86ºF) Autumn 15 - 22 ºC (59 - 72ºF) Winter 08 - 15 ºC (46 - 59ºF) THE CERTAINTY OF AN EXCELLENT INVESTMENT ! DO WITH TIME ALL YOU DESERVE www.serenasenior.pt
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