6 January 2021
Mondego Capital Partners has increased its portfolio of real estate developments by acquiring several new projects, in a total investment of 45 million euros.
The investment consists of developing luxury residential projects in the centre of the Portuguese capital, in neighbourhoods such as Chiado, Marquês de Pombal and Baixa de Lisboa. These acquisitions follow on the heels of Mondego’s purchase of two buildings in Baixa-Chiado in July for 20 million euros. Mondego Capital Partners has already invested 67 million euros this year.
In a statement, the developer noted that these acquisitions are part of its strategy to invest more than 100 million euros in the Portuguese real estate market, with Lisbon and Porto as the primary sites for residential and hotel development projects.
Gonçalo Ahrens Teixeira, a partner in the real estate development company, said that “despite some delay due to the pandemic, with the recovery this quarter – these acquisitions were closed in December – the €100 million will certainly be fully invested in 2021.”.
Original Story: Jornal de Negócios
Translation: Richard Turner
