Loan and real estate manager Altamira has announced the completion of the sale of the Centro Empresarial de Alfragide, an asset of three buildings, for over € 5 million.
In a statement, the manager reveals that he sold the asset to Grupo Mercan, which is headquartered in Canada and has been present in the Portuguese market since 2015. The Canadian company has announced several investments in the Portuguese market. The most recent, released in May, involves a construction investment of € 21 million. new hotel in Évora, in partnership with RA Group. In total, the company has 13 projects in Portugal, in Porto, Gaia, Matosinhos and Amarante.
The Alfragide Business Center, consisting of two office buildings with a total area of 3,727 square meters and a warehouse with an area of 1,188 square meters, is located on a land area of over 6,800 square meters. The Canadians have plans to develop a hotel project in the area, which will be the first in the Lisbon area, according to Altamira. “For this asset, the transformation process for new buildings has already begun and will be intensified with this sale,” says João Ribeiro, Real Estate Director of Altamira Portugal. The official emphasizes that this investment demonstrates that “the development of hotel projects continues to be a trend in the real estate sector, and this project will certainly contribute to the development of the western corridor.”
“This is our first project in Lisbon. It reinforces our commitment to the tourism sector and the positive impact we want to have on the country’s economy, adding to other hotel projects that we are developing and which will have a corresponding weight in the creation. employment both in the development and construction stages, as well as in the future management of the hotel, which will be long-term, ”says Jordi Vilanova, vice president of Grupo Mercan.
The Mercan group also began construction in May of the Renaissance Park Hotel, a brand in the Marriott universe, on land near the Lapa Church in Porto. These investments amount to 56 million euros for the construction of a hotel with 163 rooms and 140 jobs in the city.
