Portuguese-based Bondstone recently unveiled its latest venture, Bondstone Investment Management, SGOIC, marking its foray into Real Estate Fund Management. The move is geared towards fortifying the company’s growth strategy and enhancing its overall business operations.
Bondstone Investment Management is set to oversee funds and investment entities specializing in residential real estate development, tourism, logistics, and commercial real estate. The initial focus involves managing two real estate collective investment companies dedicated to projects in Lisbon and the Algarve, boasting a combined portfolio exceeding 70 million euros.
Anticipating rapid expansion in the coming years, Bondstone plans to introduce new funds dedicated to managing residential, tourist, logistics, and commercial real estate investments, with the aim of doubling the current volume of assets under management. Legal counsel for this operation was provided by UrÃa Menéndez-Proença de Carvalho.
The establishment of Bondstone Investment Management, SGOIC, signifies a pivotal step for Bondstone, propelling it to a new echelon in the institutionalized management of real estate investment funds and vehicles. Managing Partner and CEO, Paulo Loureiro, emphasized the move as more than a strategic growth step, stating, “The professionalization of our activity and its adaptation to the best governance, risk management, and compliance practices is an imperative for the type of investors we want to attract.”
According to António Pereira Dias, Partner and Chief Investment Officer at Bondstone, “This new management company, combined with the group’s robust track record, positions us to attract capital from global investors, aligning Bondstone with its European counterparts.”
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By Proptechbuzz
By Ravi Kumar