GRC IM buys 10 homes in Praia de Valadares

GRC IM buys 10 homes in Praia de Valadares

Global Realty Capital Investment Managers (GRC IM), which entered Portugal earlier this year, has just acquired 10 residences in Praia de Valadares, Vila Nova de Gaia, emphasising its strategy of responding to the high demand in the country's residential market.

The property in question, according to the investment and financing company, is at an advanced stage of construction, with 80 per cent already completed, "representing a unique opportunity in a strategic location with significant potential".

Each of the houses is spread over three floors and features a design geared towards comfort and luxury. The private car park and the space with natural light for a games room are some of the features that distinguish these properties. With an average size of 240 sqm, the units include private garages, providing exceptional amenities that meet the highest standards.

The location in Praia de Valadares is just 13 km southwest of the centre of Porto and 9 km southwest of the centre of Gaia, which "adds an additional appeal to this real estate development", says the company, pointing out that it is "a first-class residential area and a seaside leisure destination that presents itself as an ideal location for both primary and secondary residence".

With more than 230,000 inhabitants, Praia de Valadares stands out as an ideal location for a residential investment in Vila Nova de Gaia.

Global Realty Capital Investment Managers (GRC IM) is a property investment and financing company focused on the Iberian market. The company started up at the beginning of this year, with its operations based in offices in Lisbon and Madrid.

According to Jornal de Negócios, the property investment and financing management company is led by an ex-Fosun man and has Portuguese partner João Oliveira as a partner. It intends to manage and invest more than 200 million euros in the Iberian market, half of which in Portugal, where it is about to close its first three operations, totalling 40 million.

With the acquisition of the Valadares residences, GRC IM intends to "reaffirm its commitment to revitalising real estate projects with the aim of offering high quality products" and meeting the "growing demand from the residential market in Portugal", providing potential buyers with "not only exceptional properties, but also a solid investment in a region that is constantly growing". 

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