Information on the Target

Maya Capital LLP, a prominent real estate investment firm, has successfully disposed of two significant residential properties located in Lisbon: 79-85 Rua dos Correeiros and 174-178 Rua da Prata. These properties were acquired as part of a broader seven-asset portfolio in 2021, which allowed Maya Capital to leverage its investment strategy within the thriving Lisbon real estate market.

The acquisition was aimed at the transformation of these properties into high-end residential apartments, following the receipt of full planning approval. This strategic approach to asset management enabled Maya Capital to enhance the value of the properties before their successful sale.

Industry Overview in Portugal

The real estate sector in Portugal, particularly in Lisbon, has experienced a remarkable surge in demand over recent years, largely driven by foreign investment and tourism. This influx has not only supported the residential market but has also spurred significant urban regeneration and development projects across the city.

Lisbon's status as a cultural and economic hub in Europe has made it increasingly attractive to both investors and expatriates. The government's initiatives to promote real estate investment, including favorable tax conditions for foreign buyers, have further bolstered this trend, making the Portuguese market a sought-after destination for real estate investments.

Additionally, the ongoing recovery from the COVID-19 pandemic has revitalized the property sector with increased transaction volumes and rising property prices. Analysts predict that this momentum will continue, presenting lucrative opportunities for investors looking to exploit the evolving market dynamics.

As the economy recovers and demand for premium residential properties grows, investors are likely to show sustained interest in the Lisbon real estate market, ensuring a competitive environment for high-quality developments.

The Rationale Behind the Deal

The decision to sell the assets was driven by Maya Capital's strategy to realize a strong return on investment for its stakeholders. By successfully converting the properties into lucrative residential assets and securing premium sales—50% above valuation for Correeiros and 35% above for Prata—Maya Capital effectively captured market value, demonstrating its adeptness in asset management.

Furthermore, the sale of these non-core assets aligns with the company’s ongoing focus on investing in more strategic, growth-oriented opportunities within the Portuguese and Spanish markets, where significant growth is still anticipated.

Information About the Investor

Maya Capital LLP is a well-established real estate investment firm known for its strategic approach and expertise in managing diversified portfolios. With a robust track record in both the Portuguese and Spanish real estate markets, the firm has established itself as a key player in identifying and executing value-enhancing strategies.

Under the leadership of Managing Partner David Pralong, Maya Capital continues to pursue investment opportunities that align with their long-term growth vision, further exemplified by the successful sales of the Correeiros and Prata properties. The firm's proactive management and local market knowledge significantly contributed to the success of these transactions.

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In my expert opinion, Maya Capital's decision to sell these properties has proven to be beneficial, both in terms of immediate financial returns and strategic positioning for future investments. The significant premiums realized on the sales demonstrate the firm's effective execution of its asset management strategies and an understanding of market dynamics.

Moreover, by divesting non-core assets, Maya Capital is poised to focus on higher-value investments that may offer greater growth potential. This is a prudent approach in a market that is rapidly evolving, especially in the wake of sustained interest from global investors.

Considering the continued growth trajectory of the Lisbon real estate market, especially in the luxury segment, such a strategic shift is timely. It positions Maya Capital to capitalize on emerging opportunities while optimizing its portfolio for maximum return on investment.

Overall, this deal not only reaffirms Maya Capital's capability in generating substantial returns but also illustrates their commitment to maintaining a strong presence in the burgeoning Portuguese market.

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