Spain 
Italy 
Greece 
Oaktree Invests €500MM in Belas Clube de Campo
14 March 2019
The André Jordan Group has agreed to form a partnership with funds managed by Oaktree Capital Management LP, one of the world’s largest alternative investment managers. The two firms will develop the Belas Clube de Campo in an investment valued at more than 500 million euros, building a total of 1,400 flats, townhouses and lots to be sold for new homes.
“It is with great satisfaction and pride that we formalise this partnership with one of the largest and most prestigious investment companies in the world. It reflects the recognition and confidence in [André Jordan] Group’s quality and experience and contributes to reinforce the offerings in the development, permitting us to respond to the high level of demand… Oaktree has a long-term approach to its investments, always focusing on solid and sustainable projects – its investment in the Belas Clube de Campo serves as a recognition of the work done over the last two decades…,” Gilberto Jordan, CEO of the André Jordan Group, announced. The executive added that while Oaktree and André Jordan will focus on the current project, they will nevertheless be open to analysing other potential joint investments.
Original Story: Diário Imobiliário
Summary / Translation: Richard Turner