Promiris

Promiris is a residential developer established in 2017 by three partners with extensive experience in European real estate. The firm operates across Belgium, Portugal, and Spain, focusing on the development of both residential and student housing projects. Since its inception, Promiris has delivered 29 projects across these three countries. These projects collectively represent a total investment of €600 million and encompass 187,000 square meters of developed space. The company's growth has seen it evolve from a Belgian developer into a tri-market operation, maintaining a flat decision-making structure and a commitment to quality.

Each Promiris project is developed with sustainability, durability, and quality as core considerations. The company integrates recognised frameworks such as BREEAM as a reference for shaping its sustainability targets. These targets encompass various aspects, including energy performance, air quality, material selection, and long-term durability. Promiris also prioritises urban regeneration in its site selection process, viewing it as a sustainable approach that leads to more established, accessible, and integrated homes. The firm aims to transform existing buildings to bring new life to their neighbourhoods, with examples including the transformation of an industrial heritage site into a student residence in Portugal and the conversion of a nursing home into a student residence in Belgium. The company's commitment extends to designing products that meet high environmental standards, offering optimal multimodal accessibility, and addressing the needs of society.

Promiris operates with local teams strategically located in Brussels, Porto, Lisbon, and Barcelona. These teams are deeply embedded within their respective markets, possessing an understanding of the distinct climates, regulations, and buyer preferences in Belgium, Portugal, and Spain. The firm emphasises building genuine relationships with local architects, engineers, and contractors, rather than adopting a transient approach. This local expertise and network enable Promiris to commit to the long term in each market where it operates. The company's approach combines local market knowledge with disciplined delivery and a long-term view of residential quality.

Promiris possesses solid experience within the purpose-built student accommodation (PBSA) segment, particularly across the Iberian Peninsula. The firm has completed or has ongoing more than ten projects in the Benelux region and Portugal that fall within this category. Promiris entered the Portuguese market in 2018, identifying a need for student housing infrastructure in the country. Building on successful developments, the company has also established a presence in Spain, with a project currently underway in Zaragoza. Specific examples of their student housing portfolio include purpose-built student residences in Brussels and Madrid, the transformation of an industrial heritage site into a student residence in Portugal, and the conversion of a nursing home into a student residence in Etterbeek, Belgium. Another project, Cambre Student Living, represents an efficient and well-located student residence in Brussels.

The company's portfolio encompasses a range of residential formats, including apartments for families, purpose-built student residences, and mixed-use urban regeneration projects. Promiris develops projects that cater to various life stages, from young people starting out to families settling in and seniors seeking independence with security. This broad approach reflects the firm's understanding of what constitutes a genuinely liveable space. Promiris's vision is rooted in the belief that improving people's homes is fundamental, and this principle guides its project selection and development. The firm's commitment to responsibility extends throughout the real estate value chain, encompassing financial reporting, transparent communication, and a focus on societal needs.