Imofomento Acquires Lisbon's Ramalho Ortigo 51 with Legal Aid from Srvulo and PLMJ
Deal News | Feb 28, 2025 | Iberian Lawyer
Imofomento, an open-ended real estate investment fund managed by BPI, has successfully acquired the Ramalho Ortigo 51 Building in Lisbon. Legal counsel was provided by Srvulo for Imofomento and PLMJ for the seller, Incus Capital. The property is situated near Avenida Antnio Augusto de Aguiar and Praa de Espanha and houses notable tenants such as the National Communications Authority, CIMPOR, the Embassy of Japan, and Solvay. On Srvulo's side, the transaction was led by a team including Manuel Magalhes and Sofia Thibaut Trocado, among others. Their services spanned the due diligence, negotiation, and formalization stages of the acquisition. PLMJ's team, led by Francisco Lino Dias, supported the seller in the transaction.
Sectors
- Real Estate
- Legal Services
Geography
- Portugal – The transaction involves a property located in Lisbon, Portugal, highlighting the country's active real estate market.
Industry
- Real Estate – This transaction involves the acquisition of a building in Lisbon, making real estate a central industry in this article.
- Legal Services – Both Srvulo and PLMJ are law firms providing legal advisory services during the acquisition process.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Srvulo | Legal Advisor for Buyer | Company | Srvulo provided legal services to Imofomento in the acquisition of the property. |
| PLMJ | Legal Advisor for Seller | Company | PLMJ advised Incus Capital, the seller, during the transaction process. |
| Imofomento | Buyer | Company | An open-ended real estate investment fund managed by BPI acquiring the Ramalho Ortigo 51 Building. |
| BPI | Fund Manager | Company | Manager of the Imofomento fund responsible for acquiring the property. |
| Incus Capital | Seller | Company | The company that sold the Ramalho Ortigo 51 Building. |