Transaction / Assets Sellerna Buyerna € MM
#Brainsflash – Last week, Sociccorreia announced that it will launch 5 projects in an investment of 100 million euros
February, 27, 2023
The past week was calm in what concerns new advertisements in the real estate market. Carnival celebrations early in the week contributed to the few, but relevant highlights in its last days.
The Pestana Group announced, early in the week, its new bet on residential tourism in Porto Covo. Pestana Porto Covo Village venture has 174 tourist apartments, is located in the heart of Porto Covo and is the latest project of the Pestana Residences brand. The investment value has not been disclosed.
Shortly after, it became public that the Campo Alegre Building located in Porto, former headquarters of Ageas, has been sold to the promoter Osborne. The value of the operation is not known. The asset has 15 thousand m2, and can receive more than 600 collaborators, distributed over 7 storeys.
Meanwhile, MD Plastic headquarters has been sold for about 5.5 million euros. The asset has been sold to the Fund CA Crescent Heritage, in a Sale & Leaseback transaction, with a long -term contract. MD Group already aimed at selling the headquarters of MD Plastic, with a total area of 9,500 m2, built in 2018. However, and due to its strategic importance for the company’s operation, the group will maintain its operation in the current location, in the long run.
Finishing the week, the Socicreia Group announced the launch of four new homes projects, in Lisbon, Funchal and Porto, as well as the construction of a five -star hotel unit in Braga These translate into a total investment of 100 million euros. To this amount will still be added the more than 110 million euros, related to the sale of housing fractions in 2023.