With this acquisition, Tinsa triples its size and activity in the country, where it has been present for 20 years with offices in Lisbon and Porto and becomes the leader in real estate assessment in the Iberian market.
PVW is the largest Portuguese appraisal company, with activities both in the mortgage segment and in consulting investment funds, «PVW and Tinsa have complementary clients, which provides an interesting collaboration to create a global company and a highly specialised service. Local experience and technological know how come together to offer the best possible service to our clients» states José Morgado, managing partner at PVW.
The new company, resulting from the merger of both businesses, will have more than 50 employees and 250 appraisers. «The merge of two companies with the size of PVW and Tinsa creates the largest assessment and appraisal company for the real estate sector in Portugal, a market which has enjoyed an extraordinary vitality in the last few years», states Juan José Hernández Chanclón, Tinsa’s CEO in Portugal, who will take over the presidency of the new company. «This alliance will allow us to safely face the great challenges of a professionalized real estate sector in need of added value information to make decisions».