Lace Sells Liberdade 242 to AFIAA
The Foundation for International Real Estate Investments Switzerland – AFIAA has acquired the building located at Avenida Liberdade 242, in the heart of Lisbon. The sales price of the property, which is fully occupied by the insurance company Tranquilidade, was not disclosed. Built in 1969 and fully refurbished in 2018, the Liberdade 242 has 9,500 […]
Montepio Prepares Sale of Bad Debt and Real Estate Portfolio
Banco Montepio and Nomura are already preparing the sale of a non-performing loan (NPL) and real estate portfolio. The portfolio is worth a combined 1.4 billion euros, although only €500 million is expected to leave the bank initially, the Portuguese daily newspaper Jornal Económico reported. According to the article, the market’s major players were not […]
Évora Retail Park Sells for €6.1 Million
Located in Évora, the Retail Park has been sold to Brazilian investors. According to the Jornal Eco, the Évora Retail Park shopping centre has around 6,000 square metres, was opened in 2011 and has now been acquired by Europar Investimentos & Participações from M7 Real Estate for €6.1 million. Europar Investimentos & Participações will add […]
Catella CER Invests €15.5m in Student Residence in Portugal
The 6.622-m2 student residence is located in Carcavelos, Cascais, and comprises the fund’s first investment in Portugal. The Catella European Residential Fund (CER) is investing in Portugal for the first time, paying €15.5 million for a 99-year concession for a student residence in the municipality of Cascais. The Berlin-based Catella Residential Investment Management GmbH […]