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#Brainsflash – Of particular note in the last week was the debut of the Hoti Hotéis Group in the residential market with an investment of 110 million euros.

December, 26, 2022

With the year almost over, last week was the result of many new developments in the residential segment. Although in a period of great festivities, the real estate market did not stand still, and once again showed its dynamism and robustness.

At the beginning of the week, the Hoti Hotéis Group announced its debut in the residential market with an investment of 110 million euros. For the three projects which will feature the Group’s entry into the Residence market, the locations chosen were Porto, Aveiro and São João da Madeira. The enterprises have, as a whole, a total area of around 55 thousand square metres.

The very next day, it became public that Sesimbra will receive the new Vale das Amendoeiras development, with 71 homes, scheduled for completion by the end of 2024. Vision Supra Partners is the promoter of the real estate project that represents a total investment of 30 million euros.

In the middle of the week it was announced that Hipoges has sold a building in the centre of Lisbon for 6.8 million euros. The Rodrigues Sampaio building, located next to Avenida da Liberdade, will be the target of an urban rehabilitation project. The transacted asset comprises six storeys above ground for a total of around two thousand square metres.

In the meantime, MVPAR Investments has started the process for the construction of Villa dos Coches. The development, located in Belém, Lisbon, has an investment of 11 million euros, which includes the renewal of the property and the attached contemporary construction. The development is part of the Museu dos Coches complex, one of the most visited tourist attractions in Portugal.

With the week coming to an end, it became public that Habitat Invest and Patron Capital have invested more than 23 million euros in a luxury condominium in Cascais. The transacted land already has an approved project for the development of a condominium consisting of 13 houses, next to Quinta da Marinha. Extending over a total area of around 9,000 m², the land adds up to a gross construction area of approximately 4,500 m².