Magnus Kern

Liberdade Capital acted as sell-side advisor in the sale process of a building located in Santos, Lisbon, with an approved license to build a hotel with 70 rooms.

The asset was bought by Mercan Capital Ltd., as a further step in the expansion of their hospitality portfolio in Portugal supported by their very successful Portugal Golden Visa Program.

The project comprises a total above-ground area of 4,200 sqm and below-ground area of 500 sqm, with 7 floors above ground and 70 rooms. The property is situated in an excellent location facing the Tagus River, in a mixed tourism and business zone in Cais de Sodré, just 150 meters from the Ribeira Market and comes with an approved PIP.