The Property Core Real Estate Fund, an open-ended real estate investment fund managed by Square Asset Management, has won the MSCI European Property Investment Award.
The European Property Investment Awards recognise the best real estate portfolios in terms of performance and are awarded by MSCI, a leading provider of investment and risk portfolio construction, management and analysis tools for global investors. This award distinguishes the diversified Portuguese real estate portfolio with the best return in 2024, with reference to the last three years.
The Property Core Real Estate Fund is only five years old and has around €280 million in assets under management in Portugal and Spain. It specialises in assets that guarantee income, potential for appreciation and a prudent risk/return ratio. The fund is marketed by Banco Best, Novo Banco and Novo Banco Açores. It has more than 6,900 subscribers.
Pedro Coelho, CEO of Square AM, recalls that "Property Core was born in the midst of the pandemic, in a context that many saw as unfavourable for investment in commercial real estate assets. After five years, this fund has consolidated itself and proven that commercial real estate continues to bring sustainable income, appreciation and low volatility to investors".
"We are very proud of this distinction and of continuing to be the management company of a Portuguese portfolio with the highest returns. In this regard, we would like to highlight the collaboration of Banco BEST, which believed in and supported the launch of the fund among its clients from the outset, and Novo Banco, which has enabled the fund to become a unique success story in the domestic market," he concludes.
