MK Premium buys first asset in Lisbon

MK Premium buys first asset in Lisbon

Acquired for €450,000, the nº54 of Marvila street consists of four houses, spread over two floors and a total of 262 m². The building will be integrate a rehabilitation project for residential use, whose outlines are not yet known.

With the purchase of the building in Lisbon, the volume already invested by the Catalan family office in Portugal already amounts to €950 million, but still distant from the €7 million that has to apply in the country by the end of the year.

Lisbon and Oporto are two cities that have a large building stock that adapts to the business model of MK Premium”, says Daniel Leiva, one of the founding partners of MK Premium. So, he added, "we are about to close several operations both in Lisbon and in Oporto", expecting several news "in the coming weeks". In the meantime, the company keeps looking for other "assets located in strategic areas that allow us to respond to the growing demand for housing," said the manager to the Spanish portal Eje Prime.

The investment of MK Premium in Portugal follows the growth plan developed by the real estate company in Madrid, where in recent months has already closed the purchase of 3 properties and is now negotiating the acquisition of several others.

Since its beginning, the company has invested nearly €100 million in the purchase of 190 assets, most of which are entire residential buildings, including trading on ground floors.

In 2018, the Leiva brothers plan to spend up to €50 million in the acquisition of eighty properties spread across its four markets: Madrid, Barcelona, Lisbon and Oporto, adding 35 new assets to its portfolio during the first half.

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