• Capital Gain Project in Porto

• Ticket: €5,000,000 // Term: 26 - 30 months

• Fixed lease contract signed, with a duration of 25 years

• The developer, Caler Real Estate Advisory, invests its own capital

We present a new project: Barao Forrester Project which consists of the acquisition of an asset for refurbishment and transformation into a complex of 96 tourist apartments (with 3-star hotel standards), rental to an international operator (Numa Group), under a fixed lease contract, and subsequent sale once the asset has been stabilized. The asset is located at Rua Barao Forrester, 730, Porto (Portugal). The asset consists of a registered property and will have, after refurbishment and transformation, a gross leasable area of 3,253 m².

Porto is the second most important city in Portugal, being the capital of the northern region of the country. The city is located at the estuary of the Douro River and the metropolitan area has more than 2 million inhabitants. Its historic center was declared a World Heritage Site in 1996. Porto has many tourist attractions that attract numerous visitors every year. Among them, the Ribeira district, the cellars of the famous Porto wine, the Douro River and its bridges, such as the Ponte Luís I, or the Foz district stand out.

The Urbanitae scenario is based on the purchase price agreed with the seller, the construction price estimated by the developer and the contractual data signed with the tenant (NUMA) in March 2024. Regarding the purchase price, the rental price and the disinvestment price, Urbanitae has internally verified the developer's business plan (Caler Real Estate Advisory) and, has contrasted it with an independent appraiser (JLL).