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Habitat Invest and Patron Capital Partners invest 100 million in Lisbon

The Habitat Invest group and investment fund managers Patron Capital Partners have just announced a joint venture to invest in the development of new urban renewal projects in Portugal for residential use. The plan is to invest about 100 million euros in the short to medium term.

At present, the joint venture has three projects underway; a total investment of twelve million euros, divided between two enterprises located in central Lisbon (Largo do Mastro and Duque de Loulé) and a project in Porto, near the Faculdade de Farmácia (Pharmacy faculty).

The Portuguese real estate sector is, definitely, of great interest to investors. For two consecutive years we have been considered the third best country for real estate investment, international investment funds being the main players in large financial transactions”, comments Luís Corrêa de Barros, CEO of Habitat Invest. For this reason, he believes, “our partnership with Patron, one of the biggest funds in Europe, will certainly help place Portugal, even more, at the global geostrategic centre of the real estate sector”.

For Jonatas Szkurnik, investment director at Patron Capital Partners, “Portugal is, at the moment, one of the most vibrant real estate markets in Europe, and where the interest  of many investors is directed”, adding that the  “knowledge of the market, ´track-record´ and credibility of Habitat Invest, linked to Patron’s strategy of supporting real estate projects and developers who seek greater financial capacity and flexibility in decision making, have created from this partnership a union with all the critical success factors to continue to contribute to the dynamism of the Portuguese market”.

Based in London, Patron Capital Partners has deals in progress in Germany, Italy, Spain, Poland and now also in Portugal. Their strategy is based on financial and technical support to local developers, investing in real estate either directly or indirectly, by means of corporate platforms or credit instruments. 

The Portuguese firm Habitat Invest has already invested more than 100 million euros in the Portuguese market, where they are seen as a “one stop shop” in the identification, negotiation, acquisition, renovation, sale and tourist income of real estate projects, such as in providing financial control services, investor reports and legal and fiscal consultancy services.