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        News

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        By Christopher Graeme
        In Banks, Mortgage lending, News, Real Estate
        Posted 22 Abril, 2024

        Bison Bank enters mortgage market with overseas buyers focus

        Bison Bank, which is led by António Henriques, is to begin mortgage lending services in partnership with UCI. The new service has been developed with overseas house buyers in mind on the back of [...]

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        0
        By Christopher Graeme
        In Hotel, News, Tourism
        Posted 22 Abril, 2024

        AHM Group beefs up presence in Portugal

        Hotel management group AHM, which is owned by the Canadian group Mercan, is to strengthen its presence in Portugal with a total €1.2Bn over three years bringing the number of hotels it manages to [...]

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        0
        By Christopher Graeme
        In Companies, Galp, News, Oil and Gas
        Posted 22 Abril, 2024

        Galp mulls oil extraction in Namibia

        Portugal’s oil and gas giant Galp has announced that petroleum exploration in Namibia could be profitable for the company. The conclusion comes at the end of the first phase of oil exploration in [...]

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        0
        By Christopher Graeme
        In AWARD, News, Property, Real Estate, Residential Real Estate
        Posted 19 Abril, 2024

        Best property developments in Portugal distinguished at Portuguese Real Estate ‘Oscars’

        The winners of the Portuguese Real Estate Awards 2024 in several categories were unveiled on Thursday night at a gala dinner in Sintra with 230 invited guests. A lower-key affair this year [...]

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        0
        By Christopher Graeme
        In Acquisitions, Banks, News
        Posted 19 Abril, 2024

        BPG in Chinese group selloff

        Banco Português de Gestão, a small bank belonging to the foundation Fundação Oriente, which posted debts of €6 million in 2023, is to be sold to the Chinese group Vcredit. Although the Banco [...]

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        0
        By Christopher Graeme
        In Companies, Highways concessions, News
        Posted 19 Abril, 2024

        Ascendi enters race for AEDL motorways concession

        Ascendi, an asset management company that provides motorway toll charge and road maintenance services, has entered the competition for the acquisition of the concessionaire Auto-Estradas do Douro [...]

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        0
        By Christopher Graeme
        In Investment, News, Sports and Leisure
        Posted 19 Abril, 2024

        Ithaka invests €65 million in FC Porto

        The Madrid-based investment company Ithaka, which had investment experience in sports and sports infrastructures in Europe, has invested an initial €65 million sum in Porto Football Club. (FC [...]

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        0
        By Christopher Graeme
        In Banks, News, Online banks
        Posted 19 Abril, 2024

        Digital bank Revolut nets 1.3 million clients in Portugal

        British Fintech Revolut, which has just set up an office in Portugal, is close to netting 1,300,000 clients in the country with a target to increase this figure to 1.5 million. This is according [...]

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        0
        By Christopher Graeme
        In Luxury property, News, Property, Residential Real Estate
        Posted 19 Abril, 2024

        Demand for luxury real estate among foreigners cools

        Demand from overseas buyers for luxury properties in Portugal in the first quarter of the year stands at 5.8% of property enquiries, less than the 6.3% registered for the first three months of [...]

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        0
        By Christopher Graeme
        In EDP, Energy, News
        Posted 19 Abril, 2024

        Concessions competition model “not economically viable” says EDP boss

        EDP CEO Miguel Stilwell de Andrade has been voted in for a second three-year term at the helm of Portugal’s electricity and renewable energy giant. In 2023, EDP registered record profits of [...]

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