Expo

Lisbon, Portugal

SECTOR: Residential, Senior Housing
SIZE: 8’451 sqm
ACQUIRED: September 2018

Expo

Lisbon, Portugal

SECTOR: Residential, Senior Housing
SIZE: 8’451 sqm
ACQUIRED: September 2018

Located in the south of Parque das Nações, next to Hospital da CUF Descobertas, this building totals approximately 10 000 sqm on 11 floors above ground, composed of senior residences, and several apartments for traditional rental. This asset was acquired in 2018 from a distressed seller and the transaction was closed at a significant discount to market value.

Thanks to intensive asset management initiatives, the net operating income of the asset has been significantly improved. This has enhanced the attractiveness of the asset, which allowed the the company to secure a gross exit price above €20 million in the middle of the COVID-19 pandemic.

Located in the south of Parque das Nações, next to Hospital da CUF Descobertas, this building totals approximately 10 000 sqm on 11 floors above ground, composed of senior residences, and several apartments for traditional rental. This asset was acquired in 2018 from a distressed seller and the transaction was closed at a significant discount to market value.

Thanks to intensive asset management initiatives, the net operating income of the asset has been significantly improved. This has enhanced the attractiveness of the asset, which allowed the the company to secure a gross exit price above €20 million in the middle of the COVID-19 pandemic.