Grupo Libertas, which has eight real estate projects in the Algarve, will maintain the investments, ensuring that there will be no redundancies.
Currently, the group has 20 real estate projects underway in Portugal: four in Lisbon, two in Alcochete, three in Seixal, three in Albufeira, three in Faro, two in Lagoa, two in Pombal and one in Figueira da Foz.
And if it is a fact that there is always something to learn from crises, the administration says that future real estate projects will be even better adapted to new realities, such as teleworking.
This is, for the group, the “best response to the Covid-19 crisis”.
Pascal Gonçalves, Board Member of the Libertas group, guarantees that there is full awareness of the responsibilities that the activity entails with employees, technicians and designers, civil construction sub-contractors, banks and local authorities. As in the difficult times of the 2008 crisis, the group is not going to lay down now.
"Our works will continue as long as the Government understands that it should be so, as our mission is to produce wealth for the economy at this critical time," he stresses.
The company administrator responsible for projects such as Unique Belém, Tagus Bay, Lux Prime at Benfica Stadium, Lux Garden in Faro, Albufeira Prime or River Terraces Pombal, among many others, is perennial in ensuring stability at various levels, with customers, suppliers and employees:
«To our clients, we want to affirm that we have provided our projects with the appropriate financial structure through financing, sales and equity to guarantee their completion. Our suppliers will promptly receive the agreed payments, as has always happened, both in times of crisis and bonanza. To our employees, we would like to express our gratitude for their ability to adapt in these difficult days, expressing our commitment, as in the last crisis, to preserve jobs without making redundancies even if the magnitude of the crisis that will follow is strong ", it says.
Libertas is directly responsible for 160 employees – in addition to many other indirect ones.
The goal is to "turn around in a medium/long-term perspective", says Pascal, guaranteeing that the plans are to be maintained, admitting, however, that in the face of the crisis "it could slip in a few months one or another project not yet started ».
“We are aware that the home is a haven not only from family life, but also from work life. This has always been and will continue to be one of our top construction priorities. But the moment we are all living also guides us towards future projects. In this context, the Board of Directors, architects, engineers, commercials and more broadly, each person involved in the genesis of a Libertas project, are already thinking about this reality so that the houses become more functional and adjusted to changes social,” he adds.
Libertas has also lined up an investment of 10 million euros for this year in the area of tourism, noting that it has already made several hotel and local accommodation units available to public authorities, to house the displaced medical staff involved in the fight against the pandemic.
«We will contribute, together with all Portuguese citizens, to overcoming the crisis, in order to allow Portugal to return to the paths of progress and development, allowing it to reach new thresholds of collective well-being», concludes the director of Grupo Libertas.
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