At stake is the biggest real estate deal of the year, as VIC Properties’ real estate projects are valued at €1.18 billion.
Alantra received over 20 non-binding offers last Friday for the assets that VIC Properties has put up for sale, according to the Jornal Económico.
At stake is the biggest real estate deal of the year, as VIC Properties’ real estate projects are valued at €1.18 billion. The range of projects includes Prata Riverside Village, in Matinha, or Herdade do Pinheirinho, in Melides – an asset that Vanguard Properties is interested in buying and for which it has submitted a bid.
Many of the offers admit the continuity of the current management team of VIC Properties, led by João Cabaça (CEO) and Luís Gamboa (Chief Operating Officer) because they know the projects. In fact, this will be one criterion to be weighed when evaluating the proposals. Keeping the team can be an asset for the buyer, especially in Prata Riverside Village, because it is a project already underway, with lots built and sales underway.