Edición: Zip Project

ZIP Project: Banks Sell Portfolio 4400 Homes at 10% Discount

19 January 2021 – Ana Custódio According to an article in Economia Online, Portuguese banks are preparing to sell the ZIP Project, a portfolio 4,435 homes. The assets primarily comprise occupied rental housing valued at a total of 360 million euros. The buyer is a consortium formed by the Tikehau and Albatross investment funds, which […]

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 […]