Aura REE Launches Operations In Portugal

3 May 2016 – Aura REE

After 2 successful years providing RE advisory and valuation services in Spain, Aura REE has decided to expand its operations internationally, starting with Portugal with immediate effect (from 1 May 2016).

– Aura REE is the leading advisor to foreign institutions acquiring REO & debt portfolios in Spain.  Our proprietary IT platform, launched in 2009, contains more than 14 million real estate assets, with links to the cadastral databasase and national brokers, as well as access to real transaction prices in Spain’s top markets. Our team covers every local market in Spain and operates across all asset types (hotel, residential, land, industrial, nursing homes, commercial, offices,…). In 2015, we performed over 50 portfolio valuations involving assets worth more than €10 billion (Atalaya, Cadi, Goya, Eurostar, Commander, Tourmalet, Wind, Empire, Pampa, Ponte, Jetty, Mirage, Chloe, Liceo, Mamut, Kite, Stream, Aneto, Babieca, Pegasus, Macarena, Silk, Veleta,…)

– Aura REE Portugal has hired Jose Covas, MRICS (Head of Portugal & Head of Valuations) to lead our new team and he will be supported by local teams located across the country, including in the islands. Jose has extensive knowledge of the Portuguese market and wide-ranging experience from his time with WORX/Knight Frank (Portugal Head of Valuation & Advisory), DTZ (Iberia Head of Valuations), Colliers International (Portugal Head of Valuation). Moreover, Jose currently serves as the Portuguese Chairman of the RICS Valuation Group. Our IT platform already contains almost 1 million comparable assets in Portugal.

–  Aura REE plans to continue to expand its operations to other European countries before the end of 2016.

Original story: Aura REE

Edited by: Carmel Drake