Portuguese Bondstone has just announced the creation of a Real Estate Fund Management Company - Bondstone Investment Management, SGOIC. The aim of the private equity is to strengthen the company's growth strategy and boost its business.
Bondstone will now manage funds and investment organizations dedicated to residential real estate development, tourism, logistics and commercial real estate through Bondstone Investment Management.
The new business unit will begin by managing two real estate collective investment companies, dedicated to the development of residential and tourist projects in Lisbon and the Algarve, with a portfolio valued at over 70 million euros.
Bondstone expects rapid expansion over the next few years, with the creation of new funds aimed at managing residential, tourist, logistics and commercial real estate investments, which should see the volume of assets currently under management double. Bondstone relied on the legal advice of Uría Menéndez-Proença de Carvalho in this operation.
The creation of Bondstone Investment Management, SGOIC, will allow Bondstone to reach a new level in the institutionalized management of real estate investment funds and vehicles. More than just a natural step in our growth strategy, the professionalization of our activity and its adaptation to the best governance, risk management and compliance practices is an imperative for the type of investors we want to attract," said Paulo Loureiro, Managing Partner and CEO of Bondstone.
For António Pereira Dias, Partner and Chief Investment Officer at Bondstone, "this new management company, together with the group's solid track-record, will allow us to raise capital from the world's leading investors, bringing Bondstone closer to its European counterparts."