Tag: Mondego Capital Partners

Mondego Capital Partners Place €50-Million Bet on Portuguese Real Estate

The real estate developer Mondego Capital Partners is growing its portfolio of projects with acquisitions in historic neighbourhoods.

October 22, 2021 – Ana Custódio

The real estate developer Mondego Capital Partners is growing its portfolio of projects with acquisitions in historic neighbourhoods.

Mondego Capital Partners is focusing on Portuguese real estate with an additional investment of 50 million euros, the real estate developer said on Friday.

The investment involves a set of unique buildings for residential projects with special emphasis on creating large residential areas.

With the acquisition of new real estate projects in historic neighbourhoods such as Baja-Chiado/Alfama, Avenida Sidónio Pais and Avenida 5 Outubro, Mondego Capital Partners is boosting its portfolio of real estate projects with a total investment of 50 million euros in Lisbon.

Gonçalo Ahrens Teixeira, a partner at Mondego Capital Partners, said: “We are seeing a post-Covid growing demand for luxury residential projects, especially for large-area flats. With these recent acquisitions, we will be in a position to provide flats with areas exceeding 200 m2 to the market.”

Translation: Richard D K Turner

Mondego Capital Partners Invests €45 Million in Downtown Lisbon

6 January 2021

Mondego Capital Partners has increased its portfolio of real estate developments by acquiring several new projects, in a total investment of 45 million euros.

The investment consists of developing luxury residential projects in the centre of the Portuguese capital, in neighbourhoods such as Chiado, Marquês de Pombal and Baixa de Lisboa. These acquisitions follow on the heels of Mondego’s purchase of two buildings in Baixa-Chiado in July for 20 million euros. Mondego Capital Partners has already invested 67 million euros this year.

In a statement, the developer noted that these acquisitions are part of its strategy to invest more than 100 million euros in the Portuguese real estate market, with Lisbon and Porto as the primary sites for residential and hotel development projects.

Gonçalo Ahrens Teixeira, a partner in the real estate development company, said that “despite some delay due to the pandemic, with the recovery this quarter – these acquisitions were closed in December – the €100 million will certainly be fully invested in 2021.”.

Original Story:  Jornal de Negócios

Translation: Richard Turner

Mondego Capital Partners to Invest €20 Million in Two Buildings in Chiado

16 July 2020 – Mondego Capital Partners has acquired two buildings in Baixa – Chiado, Lisbon, and will spend a total of 20 million euros over the next two years on a new hospitality development. The two properties have a total constructed surface area of 4,500-m2. The new development is set to open in 2022. Mondego had previously announced that it would invest more than 100 million euros in real estate projects in Lisbon and Porto.

Original Story: Diário Imobiliário

Translation/Summary: Richard D. Turner