Temprano Capital Partners acquisition in Portugal

Por Enero 3, 2018Noticias

Temprano Capital Partners in a joint venture with Carey European Student Housing Fund I, LP, sponsored by W. P. Carey Inc., has acquired Condo de Redondo 79, Lisbon to develop into a 330+ bed student residence. Plans to redevelop the currently unoccupied 10,900 sqm 1960s building will both provide high quality accommodation to the domestic and international student populations in Lisbon as well as help to revitalize this rehabilitation zone in the centre of the city.

This is Temprano’s second acquisition in Portugal in the last six months following on from the purchase of Focus Retail Park in Vila Nova de Gaia. Blue Tagus Advisory acted on behalf of the vendor.