Global alternative asset manager Tikehau Capital is investing €52 million in the development of a new business hub in Porto, Portugal’s second-biggest city.
The group said on Monday that the investment in the 30,000 square metres project would be made through its real estate value-add strategy and underscores its commitment to ‘innovative and sustainable urban development’.
Named Heart of Porto (HOP), the hub is a redevelopment of a complex which originally focused on retail. It is scheduled to open in 2026 and will feature LEED, WELL, Taxonomy and WiredScore certifications.
Source: propertyeu.info on the 8th of July, 2024