In 2017, we were awarded a concession on a Public Private Partnership arrangement for the provision of services at SVPR. The Kore Group constructed four new blocks covering 23,000 sqm, to accommodate an additional 504 residents at SVPR and provide nursing, caring, housekeeping, and catering services, amongst others, for the additional beds, under a 15-year agreement.
The total capital expenditure for the Project for the construction of the residential blocks, the on-site kitchen, as well as all the catering equipment, was €39 million. Kore Group was successful in completing the SVPR project including the construction, finishing, and installation of equipment, as well as all the operational preparations, within a 12 month period, when the contract stipulated a 36 month period for this, despite challenges posed by the COVID-19 pandemic. All the blocks are now fully operational at near full occupancy. The project involved a first-of-its kind in many aspects such as for example through the installation of two hydrotherapy pools.