Havos is set to attract 100 million euros to the Algarve by 2027
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The property consultancy Havos aims to raise at least €100 million by 2027 in the Algarve region, as part of a strategy to one billion in transactions by 2029, in a market that will account for 20% of this target and where it is now making its debut.
In a statement, Havos explains that the expansion into the Algarve coincides with the partnership established with Orange Tree Properties, a company whose scope of operations complements its own within the property value chain.
In the Algarve region, the consultancy will focus its business on residential property development and hospitality assets, as well as operating in the areas of capital markets, with particular emphasis on high-end residential development, and in private wealth, with the senior living segment likely to gain strategic importance in the short term.
Luís Mesquita, Partner da Havos Real Estate.
“The Algarve has established itself as a major hub for property investment”
“The Algarve has established itself as a genuine hub for property investment, capable of attracting domestic and international capital across a range of asset classes. Our entry into the market is a natural step in the relationship we have built with our investors,” says Luis Mesquita, a partner at the consultancy firm.
The consultancy currently has a total of €600 million in real estate transactions under its belt. Of the €600 million transacted in Portugal, the company highlights €200 million in advising for the acquisition of assets for property development, €185 million in retail sector transactions, €120 million in offices and €75 million in hospitality assets.
