Fortera Group to Sell Riverside Project and Skyline Offices
20 November 2020 – The Israel-based Fortera Group announced that it would sell two of the real estate projects it recently started to develop in Vila Nova de Gaia. The group will sell a 16,500-m2 plot of land, intended for offices, which is included in Skyline, a mega-development including a congress centre, a 160-room hotel, […]
Three Funds Compete to Acquire Portfolio of 4400 Homes from Portugal’s Banks
12 November 2020 – Several of Portugal’s largest banks are currently arranging the sale of the Zip Project, a portfolio consisting of 4,435 homes. Three investment funds, Albatross, Cerberus and Tikehau, were selected to submit binding proposals to acquire the portfolio. After the initial non-binding bidding phase ended in September, just three funds were offered […]
Novo Banco to Sell €200-Million Wilkinson Project by the End of the Year
3 November 2020 – Novo Banco has announced that it is putting a new portfolio of non-performing loans on sale. The portfolio, which is valued at just over 200 million euros, is expected to sell by the end of the year, and has been dubbed the “Wilkinson Project.” The bank, which is helmed by António […]