Penguin’s latest initiative, The Legacy Projects, brings Penguin Capital’s strategy to Portugal. The aim is to deliver compelling risk-adjusted returns in the residential arena. We are targeting high quality properties in gateway cities with a more modest risk profile, medium hold periods, and strong income components. Penguin Capital RE is the group’s Europe focused investment initiative with a special interest in Portugal with prospects including Spain and Italy.
Portugal is a southern European country on the Iberian Peninsula, bordering Spain. Its location on the Atlantic Ocean has influenced many aspects of its culture: salt cod and grilled sardines are national dishes. The Algarve's beaches are a major destination and much of the nation’s architecture dates to the 1500s–1800s, when Portugal had a powerful maritime empire.
Portugal’s modest economy is quickly developing into Europe’s unicorn for business and lifestyle. 2016 has demonstrated economy is steadily recovering since the end of the Troika years. Real estate, along with Tourism and the Industrial Sector, represents the key factors of this boom. Investment, as the sector’s main driving force, remained extremely dynamic in achieving its second largest, all-time high.
All major Portuguese banks have been recapitalized and restructured in order for its shareholders to ensure long-term liquidity in the market. While this process is still on its way to completion, the Portuguese economy has been fueled by French, Spanish, Chinese, British, Angolan and other EU investors. Contrary to sociopolitical unrest in most of Europe, Portugal has been able to constantly promote political and social reforms, ensuring high political stability for citizens and investors alike.