Specialist real estate investment firm Maya Capital has sold two residential buildings in Portugal鈥檚 capital city at a 35-50% premium to valuation.
麻豆映画 Real Assets understands that the fund manager has sold the 79-85 Rua dos Correeiros and 174-178 Rua da Prata building in Lisbon for about 鈧�4.3m following a value-enhancing strategy.
The sale amount represents a 50% premium to the Correeiros assets valuation and 35% premium for the Prata building鈥檚 valuation.
Maya Capital acquired both assets as a part of a seven-asset portfolio in 2021.
David Pralong, managing partner of Maya Capital, said: 鈥淲e are thrilled to announce the successful completions of the sales of these non-core assets, which realise a strong return for Maya Capital鈥檚 investors.鈥�
Pralong said Maya Capital remains 鈥渒eenly focused on the Portuguese and Spanish markets where we continue to see significant investment opportunities鈥�.
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