• Transaction / Assets
    Mabel Capital Acquires Four Buildings In Central Lisbon
  • Seller
    Sociedade Hoteleira Seoane
  • Buyer
    Mabel Capital, Jackyl, Harald McPike
  • € MM

Matutes’ and Rafael Nadal’s Firm Enters the Court in Portugal with a €74-Million Investment

4 March 2018

Mabel Capital, in partnership with Harald McPike and the Jackyl fund, recently acquired four buildings in Lisbon. The portfolio of hotel and commercial assets has more than 12,000 square meters of area.

Mabel Capital has just crossed the border into Portugal, following in the footsteps of major Spanish socimis and developers such as Merlin, Vía Célere and Neinor Homes, among others. The company owned by Abel Matutes, Manuel Campos and the tennis player Rafael Nadal invested 74 million euros in the purchase of the four buildings in Lisbon.

For this operation, Mabel Capital teamed up with the financial investor Harald McPike and the fund Jackyl. The buildings are located in one of the most sought-after enclaves of the Portuguese capital, on the Praça Dom Pedro IV, an area that is comparable in its wealth to the Puerta del Sol in Madrid, according to El Confidencial.

The arrival in Portugal is a significant step forward for Mabel Capital, which had previously focused its investments in Madrid. Matutes, Campos and Nadal sold a central building in the Spanish capital a few weeks ago to the Entrecanales family.

Also, last June, the company made its first foray into the luxury residential market through the purchase, for approximately 25 million euros, of a building in which they will market the most expensive apartments in Madrid. The building will be home to eleven flats, of which nine have already been sold. The price per square meter will be between 15,000 euros and 20,000 euros. The building is located on General Castaños Street and was built at the end of the 19th century.

Original Story: EjePrime

Translation: Richard Turner