29 April 2025
New Acquisition in Lisbon for MIMCO Group with the Conde Redondo Project
Published
29/04/2025

MIMCO Group has announced the acquisition of the Conde Redondo real estate project, located in the heart of the highly sought-after Santo António district in Lisbon. This office-to-hospitality conversion is fully aligned with the Group’s pan-European development strategy and marks its third investment in the Portuguese capital, following the Praça do Comércio and Santos Townhouse projects.


 


An Ambitious Conversion in the Heart of Lisbon


The Conde Redondo project involves the complete transformation of a former office building into a high-end serviced residence comprising 37 fully equipped apartments, retail spaces, and underground parking. Already authorized for office and service use, the building only requires a construction permit, with work expected to begin in Q2 2025.


 


A Rare Asset Combining Location, Yield, and Visibility


Portugal has experienced a strong rebound in tourism since the pandemic, welcoming over 30 million visitors in 2023. In Lisbon alone, the number of tourists increased by 4% between 2023 and 2024. Ideally located near Avenida da Liberdade and Marquês de Pombal Square—areas with high real estate appreciation potential—the asset will benefit from excellent public transport access and an attractive environment for both business travelers and tourists.


Once completed (targeted for Q2 2026), the asset will be sold as a block to an institutional investor.


A Strategic Partnership


The Conde Redondo project is being developed in partnership with seasoned players in the Portuguese real estate sector, with whom the Group has already collaborated on the Santos Townhouse project.


This new acquisition reflects our commitment to pursuing a targeted investment strategy focused on high-potential European cities, leveraging trusted local partners and high value-added assets.
Christophe Nadal, Co-Founder and CEO of MIMCO Group.

Notre Actualité

Livre Blanc MIMCO - Serviced Apartments & branded residences
01.12.2025

The pan‑European asset management group MIMCO publishes a new white paper dedicated to Serviced Apartments and Branded Residences, two rapidly growing segments within the European hospitality market.

Announcement

28.11.2025

The MIMCO group was honored at the Private Equity Exchange & Awards 2025, the leading event that brings together the major players in private equity and investment in Europe each year.

News

18.11.2025

MIMCO Group announces the acquisition of a building located at 15 Rue Fénelon, in Paris’ 10th arrondissement — in the heart of a vibrant, rapidly evolving neighbourhood, close to major Parisian transport hubs and several of the city’s landmark sites.

Announcement

06.10.2025

Designed as a true gateway to institutional real estate, this website highlights MIMCO Platform’s value proposition, its investment theses, and its latest news, while reflecting the Group’s expert positioning.

Announcement

Back
Scroll