MVGM agreed on the new lease management contract with an international investor. The firm has an office in Lisbon and expects to invest between 25 and 30 million euros in Portugal this year. In a statement, the company said that the investor is focusing on the Greater Lisbon residential market, especially in the areas around the city, and has entrusted MVGM with the management of a portfolio currently comprising 50 homes, but which should reach a total of 200 to 300 residential units by the end of the year.
The real estate manager has thus reinforced its focus on Lisbon’s residential segment, as it does in all the markets where it operates. All of the properties in the portfolio are located in the Lisbon metropolitan area. The services provided by the manager will be integrated, including the commercial, technical, administrative and operational management of the various units included in the portfolio, including all contact with tenants.
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Translation: Richard D K Turner