The city’s old-established Farmacia Popular (“People’s Pharmacy”) chain of pharmacies will open a branch on the premises of the First Notary Office in the UNESCO World Heritage-listed Holy House of Mercy in Largo do Senado, government-owned broadcaster TDM reported on Friday.
Holiday House of Mercy President Antonio Jose de Freitas told TDM that the 10-year leasehold contract between the city’s oldest charitable institution and oldest Western-style pharmacy will be signed “within days”.
Jose de Freitas also said that the company will pay an annual rent of 700,000 patacas, to be adjusted annually in line with the inflation rate, apart from an undisclosed profit share arrangement.
