It entered the Portuguese market last year, where it already has more than 70 million euros in assets under management, in a portfolio that spans the residential, hotel, commercial, and mixed-use sectors, and has just significantly expanded its real estate operations in the country through acquisitions.
Âncora Investments, owned by Israelis Elad Shachar and Tamir Luria, has acquired a real estate company that holds a portfolio of properties located in Canelas, in the parish of Vila Nova de Gaia.
“These properties, which are part of a broader urban development project that includes integrated green spaces and shared areas, comprise approximately 49,000 square meters of approved above-ground construction area, with a gross value estimated to be around 100 million euros,” stated Antas da Cunha Ecija, which provided legal assistance to Âncora Investments in this transaction, in a statement.
According to Henrique Moser, a partner at Antas da Cunha Ecija, this transaction “represents a significant step in expanding Âncora Investments’ presence in the national residential market.”
The identity of the acquired company has not been disclosed.
A few weeks ago, Âncora Investments announced the development of two large-scale residential projects in the Porto Metropolitan Area, in Canelas and Águas Santas (Maia), with an estimated investment of around 180 million euros—in Vila Nova de Gaia, a development covering approximately 49,000 square meters with about 400 homes, and in Águas Santas, in the Caverneira area, 33,000 square meters with 250 homes.
Image credit: © Âncora Investments (Âncora Investments real estate project in Canelas, Vila Nova de Gaia), as seen in Jornal de Negócios
Translated with DeepL.com (free version)
