After a period of intense activity with several in Urban Rehabilitation projects, and since the VESTA Fund is now closed ant totally invested (around € 100m), QUANTICO-ALBATROSS CAPITAL (Q / A) joint venture launched in 2019 a new platform for major investments in new construction focused on Portuguese middle class needs.
The first of these projects has already started in Oporto, and consists of a phased construction of 1.000 apartments targeted for Portuguese families looking for a high quality and comfortable features at affordable prices.
According to Carlos Vasconcellos, Chairman of QUANTICO, “Investment in new construction for the Portuguese middle class is urgent, since in recent years almost all of the residential real estate investment was targeted for the high-end segment, with urban renovation projects located in premium city neighborhoods. The resulting high prices made them inaccessible to most of the Portuguese families”.
QUANTICO-ALBATROSS joint venture currently manages real estate projects with forecasted sales in excess of 400M€. The goal is to continue to expand its investment platforms in the residential, commercial, logistics and office areas, in contact with Family Offices and also with a considerable range of Institutional Investors and Funds.
Its management team has a combined property investment management experience of over € 20 billion over the last 25 years across all asset classes, with a successful track record with various types of investors, including institutional and specialized funds.
Lisbon, November 2019
Saturday, 16 November 2019 12:11