Since the beginning of 2018, The Fund
has made acquisitions in the amount of 47M €, which represents approximately
50% of its total value.
The Fund has a total ceiling of 100M€,
to acquire buildings and to perform its renovation.
The investments made are located in
Lisbon and Oporto.
According to Carlos Vasconcellos,
President of QUANTICO, the prices of the buildings to be renovated are increasing
significantly, which requires very intense and demanding procurement processes,
although there is still room for making sound investments if a very rigorous
value driven analysis is performed.
Carlos Vasconcellos and Carlos Mallo
(President of Albatross) expect to have the totally of the Fund invested before
the end of 2018 – with advanced “due diligence” processes for several