These investment funds were selected to offer binding bids for the purchase of this portfolio, estimated at 360 million euro, and placed on sale in July.
4.435 housing fractions, the majority of which with tenants, located mainly in the urban centres of Porto, Lisbon and Setubal. The buildings are part of several housing rental real estate funds (FIIAH) managed by Norfin and owned by several banks, amongst which Novo Banco, CGD, Montepio, Millennium bcp and Santander Totta.
According to Eco, the bidding stage ended in September, but only these three funds were selected for the binding bids stage. The winner will be selected for the last negotiations stage for the conclusion of the operation.