Asian Investors Pour €30 Million in Portugal Real Estate: Ecogc Investment Announces Major Investing Plans
Ecogc Investment, a real estate company, is set to invest €30 million in Portugal, with a focus on rehabilitating apartment buildings in Porto.
Ecogc Investment, a real estate company, has announced plans to invest between 25 million euros and 30 million euros in Portugal. The investment will be allocated to various real estate projects, with a target completion date set for mid-2025. João Pedro Pereira, a partner at the company, revealed that a significant portion of the investment, approximately 16 million euros, will be directed towards the rehabilitation of apartment buildings in Porto.
Pereira also disclosed that the investors backing Ecogc Investment are predominantly from Asian capital, with contributions from regions beyond China, such as Singapore. Emphasizing the company's commitment to preserving the historical significance of the cities, Pereira stated, "the company invests in real estate, respecting the history of the cities."
Addressing the challenges associated with rehabilitating old buildings, Pereira acknowledged the need to adhere to natural and normal requirements, particularly in areas with historical significance. He noted that the company has several ongoing projects in Évora, including the development of student residences to address the city's housing deficit in this segment. Additionally, Ecogc Investment is working on a larger project in the Évora area, which will feature a hotel and a set of apartments, potentially managed by the hotel.
Having commenced operations in Portugal four years ago, Ecogc Investment currently employs 10 individuals. The company's expansion and investment plans underscore its commitment to contributing to the real estate landscape in Portugal.
Ecogc Investment's substantial investment in Portugal's real estate sector reflects a growing confidence in the country's market potential. With a focus on preserving the historical integrity of cities and addressing housing needs, the company's projects are poised to make a significant impact on the local real estate landscape.
Asian Investors Pour €30 Million in Portugal Real Estate: Ecogc Investment Announces Major Investing Plans
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