The Fund will have an initial capital of 20 million euros and a duration of 8 years and aims to develop a set of projects that Westport International has in its pipeline for development, with an expected total investment of around 100 million euros.
Diogo Pinto Gonçalves, CEO of Westport highlights the importance of this Investment Fund that creates the necessary conditions for the development of several projects, namely in the residential area, which will surely help to mitigate the housing gap that is currently felt in the national market. On the other hand, Emanuel Silva, Chairman of IM Gestão de Ativos, highlights the importance of this partnership for the diversification of the investment portfolio and the quality of the projects that will be launched in the market.
Westport International is a real estate developer with several housing projects developed in the Lisbon region and is the platform in Portugal for Westmont Hospitality Group, one of the biggest international players in the area of hospitality, with over 1,100 hotels under management spread over 4 continents.
IM Gestão de Ativos is the largest independent management company in the national market and a reference in the sector in the Iberian Peninsula, with an asset portfolio of more than 3.7 billion euros.