Asset Management

The Portuguese fund ESC Capital that contained assets belonging to the former Espírito Santo Group has been sold to the US fund Davidson Kempner for €850 million. Now awaiting approval from [...]

Round Hill Capital has invested €200 million in the acquisition of Smart Studios. The investment involves the purchase of properties with 2,000 student beds spread over nine sites in Lisbon and [...]

The asset management company Blackrock now has a 10% share in Portugal’s electricity giant EDP. After increasing its capital share in the company led by Miguel Stilwell, it has now consolidated [...]

Portugal’s banking sector has announced the real estate sale of the year by selling off an entire portfolio of luxury hotels to the Davidson Kempner fund The asset management entity has bought [...]

Sonae Sierra, which has a portfolio of shopping centres in Portugal and across Europe, is to develop and manage assets not just in retail but also in other property assets such as offices, [...]

Round Hill Capital has announced a new partnership to invest around €1Bn in students’ residences. The joint venture involves the Canada Pension Plan Investment Board in projects to build Purpose [...]

One of the biggest potential real estate deals in Portugal this year is reaching its decisive phase. David Kempner and the Bain/Cerberus consortium have submitted firm offers for the ECS [...]

Despite the Covid-19 pandemic, large International funds are continuing to make acquisitions in the Portuguese market. According to TTR, investment turnover soared 24% in 2020 to €18.4Bn. This [...]

Benfica has managed to meet its financial needs by raising the €35 million it needed from a bond issue aimed at small savers, many of them club members and fans. It sold 1,887 bonds despite the [...]

Crédito Agrícola has bought Porto Palácio Hotel from Sonae Capital for €62.5 million. Sonae Capital sold the hotel to the fund CA Património which is held by Crédito Agrícola. The hotel used to [...]