alternative Assets News: Portuguese Real Estate Intelligence

Investment in Real Estate Funds Down 0.5% in October
24 November 2020According to a report by the CMVM (Securities Market Commission), the amount invested in real estate investment funds fell by 0.5% to 7.6466 billion euros. In October, assets under management in real estate investment funds, real estate asset management funds and special real estate investment funds reached €10.3569 billion, down by €61.2 million (0.59%) month-mo-month. All of the funds invested in real estate in the period under review went to countries in the European Union. Caixa Gestão de Ativos (9.3%), Square AM (11.5%) and Interfundos (12.7%) had the highest market shares. Original Story: Diário Imobiliário Translation/Summary: Richard Turner
Santa Casa da Misericórdia de Arruda dos Vinhos and Partner Invest €20M in Campus da Saúde
20 November 2020 –An unnamed private group linked to the health sector and the Santa Casa da Misericórdia in Arruda dos Vinhos are joining forces to build a health facility in the village located in the district of Lisbon. Carlos Lourenço, The head of the Santa Casa da Misericórdia in Arruda dos Vinhos, told the Lusa news agency that the group will invest 20 million euros to build the facility on land it owns next to its former hospital. The development will create one hundred direct jobs, and will have scheduled specialist consultations, complementary means of diagnosis, out-patient services, a 16-bed inpatient hospital, operating theatre and complementary care. The project will also include an 80-bed continuous care unit. The two developers submitted a request for prior information to the town hall this month, the mayor, André Rijo, confirmed, to assess the project’s viability. Original Story: Diário Imobiliário - Rui Neves Translation/Summary: Richard Turner
André Jordan Awards to be Announced Today
20 November 2020Ana Custódio / Richard Turner The winners of the André Jordan Prize, which honours academic and scientific work on the economics of cities, tourism and real estate, will be announced today, November 20, at 15.30 in an online ceremony. The biennial award has been bestowed for ten years, recognising work carried out over the previous two years. Khadija Benis won the André Jordan Award (6th Edition) in the “PhD/Scientific Papers” category. The PhD thesis was carried out under the MIT Portugal program – Sustainable Energy Systems. Ms Benis focused on an emerging research topic: Building-Integrated Agriculture (BIA), which consists of the application of high performance soilless cultivation methods adapted for use on top of or in buildings. Confidencial Imobiliário, which has held the ceremony since 2010, dubbed the award in honour of the father of Portuguese tourism, the entrepreneur, founder, creator and developer André Jordan. Over the years, the André Jordan Prize has awarded six prizes to various works and studies in two distinct categories: master's theses and doctoral dissertations/scientific articles. A total of 47 academic works have been nominated. The jury, chaired by Professor Augusto Mateus, is made up of distinguished personalities in academia and business, such as Francisco Rocha Antunes, the former Chairman of the Board of RICS in Portugal, José da Silva Costa, Full Professor at the Faculty of Economics, University of Porto, José Crespo de Carvalho, Full Professor at ISCTE, Eduardo Abreu, President of the Urban Land Institute in Portugal and Gilberto Jordan, CEO of the André Jordan Group. The 2020 awards ceremony, which will be attended by personalities such as António Costa e Silva, Augusto Mateus and Carlos Moedas, will be followed by a panel discussion on the opportunities for Portugal during and after the Covid-19 pandemic.