Optylon Krea's investment portfolio in real estate projects in Portugal already exceeds 400 million euros, an amount that it wants to double in the coming years, with a strong focus on Lisbon.
Currently, Optylon Krea's biggest project in Lisbon is Lisbon Square, in the Alcântara area, opposite CUF Tejo. This development represents an investment of 147 million euros, and will comprise around 200 housing units, an aparthotel, gardens, commerce and services.
Speaking to Negócios, Charles Wanecq, CEO of Optylon Krea, says that he intends to double the value of the investment «in the next five years in Portugal, mainly in Lisbon and above all in rehabilitation projects for aparthotels and commercial spaces».
In addition to this gross investment of 400 million euros, the company is also "advising investment funds worth 100 million euros of equity", cites the idealista/news.
Optylon Krea is a joint venture between Optylon Capital, a Portuguese company founded by the French, and the Turkish company Krea Real Estate. In Portugal, it already has three completed projects and another five under development, mostly in Lisbon, such as the Elevador Santa Justa or the Alexandre Herculano in Lisbon, as well as the Palácio do Comércio in Porto, a project worth 65 million euros that will convert this property in luxury aparthotel and commerce.