Sunday, February 28, 2021

Nadal invests in real estate in Portugal (bought building from Montepio)

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The investment company Mabel Capital, which has Rafael Nadal as one of the shareholders, bought an office building in one of the noblest areas of Lisbon. It was the company’s third real estate operation in Portugal.

In the middle of a pandemic, the investment company, whose partners are Rafael Nadal, Abel Matutes Prats and Manuel Campos, acquired an office building in the area of ​​Avenidas Novas, in Lisbon, next to the Calouste Gulbenkian Foundation.

The deal is disclosed by the Spanish newspaper El Confidencial which does not reveal the value of transaction made between Mabel Capital and Futuro, the pension fund manager at Banco Montepio.

This is the third real estate transaction made by Mabel Capital in Portugal in just three years, which attests to how the Portuguese real estate market attracts foreign interest.

In addition to this property that is located “In one of the best areas of the city”, as El Confidencial notes, Nadal’s investment company has other real estate projects in Lisbon, for the development of a shopping center with gastronomic, sports and leisure areas, with more than 100,000 square meters in Oeiras, and another commercial space in Rossio square, with more than 10,000 square meters.

In March 2018, the company bought for more than 74 million euros the block of the well-known Swiss pastry shop, in Chiado, in a partnership with the British property investment fund manager Jackyl.

In early 2019, Mabel bought, for about 28 million euros, a 180 thousand square meter manor in the municipality of Oeiras. In just 12 months, he resold the land to Jackyl and the two companies have a joint construction project for a shopping center on site.

Susana Valente ZAP //

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Nadal invests in real estate in Portugal (bought building from Montepio)