PLMJ Advises M&G on €46 Million Lisbon Real Estate Purchase
Deal News | Dec 16, 2024 | Iberian Lawyer
In a significant deal in the Lisbon real estate market, PLMJ has advised M&G Investments on the acquisition of a €46 million flex living real estate project. Purchased from Value One, the development spans 13,000 square meters and will include 203 studios and 56 additional rooms. This project is a strategic complement to M&G's portfolio, enhancing its presence in Lisbon, where it is already developing a student residence with 259 units, slated for completion in 2025. Leading the advisory team at PLMJ was partner Ricardo Reigada Pereira, along with team members Hlder Santos Correia and Rita Neves Machado. The newly acquired project is scheduled for completion by the first half of 2027, marking M&G's continued investment and commitment to the Lisbon area.
Sectors
- Real Estate
- Legal Services
Geography
- Portugal – The real estate project is located in Lisbon, Portugal, making it a primary geographical focus of the article.
Industry
- Real Estate – The article discusses a real estate acquisition, highlighting the development and operation of residential properties.
- Legal Services – PLMJ, a law firm, provided legal advice for the transaction, showcasing its role in facilitating real estate deals.
Financials
- €46 million – The purchase price for the real estate project acquired by M&G.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| M&G Investments | Bidding Company/Buyer | Company | An investment management company acquiring a real estate project in Lisbon. |
| PLMJ | Legal Advisor | Company | A law firm advising M&G on the acquisition. |
| Value One | Selling Company/Vendor | Company | The company from whom M&G acquired the real estate project. |
| Ricardo Reigada Pereira | Partner/Team Leader | Person | Co-coordinates the real estate practice at PLMJ and led the advisory team. |
| Hlder Santos Correia | Team Member | Person | Involved in the legal advisory team at PLMJ for the transaction. |
| Rita Neves Machado | Team Member | Person | Involved in the legal advisory team at PLMJ for the transaction. |