One of the transactions refers to the loan of €39 million to a Luxembourg fund managed by an international banking group for financing an assets portfolio, administrated by FinSolutia, which includes 4 offices buildings in the center of Lisbon and a supermarket in Algarve.
The other transaction refers to a loan of €28 million to a subsidiary of Rockspring Trans European Fund VI LP, for the acquisition of 2 offices buildings in Lisbon.
Over the last year, ING has awarded more than €400 million to real estate investment financing in Portugal, «such as shopping centers Colombo, Forum Coimbra and Viseu or offices buildings at Marquês de Pombal. The Portuguese market is becoming increasingly relevant for ING», explains Julian Bravo, manager at Real Estate Finance for Portugal and Spain. «The existing pipeline will allow to continue to intensify this activity over the next months», he believes.