- Member Liberdade Capital
- Sector Business & Financial Services
- Date completed 16.01.2023
- Client Magnus Kern
- Country Portugal
- Acquirer Mercan Capital
- Country Canada
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.
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