Our latest achievements - 2nd half 2024

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Prima Europe Fund, acquire City Apartments, a leading London-based serviced apartment operator

In November, Prima Europe Fund, advised by Optylon Krea, completed a significant deal in London through the acquisition of City Apartments Ltd, a leading London-based serviced apartment operator.
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The company owns City House, a 1.800 sqm beautifully restored Victorian building on Cannon Street in the heart of London’s financial district. This prime property includes 32 studio and one-bedroom apartments.

The company also manages 208 units across 8 buildings including City House. The buildings will continue to be operated by City Apartments Ltd under the Ando Living Group umbrella, reinforcing its commitment to delivering premium serviced apartments across Europe.

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Impressive 1.3X return on investment for the latest Prima Europe Fund operation

We are proud to announce that, in September 2024, Prima Europe Fund, advised by us OptylonKrea, achieved a 1.3X return in just 18 months by selling the company ‘Polisfenómeno Lda’ which owns a historical building located in the centre of Lisbon in Baixa neighbourhood, Rua Nova Do Almada 1. The building has a gross construction area above ground of 2,700 sqm and 4 floors above ground and will hold 2 retail units.
Ando Living will be launching the sales of 24 serviced apartments in January 2025 and will operate the whole building once the refurbishment is completed by 2026.

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New building acquisition for Prima Europe fund, advised by OptylonKrea

In May 2024 Prima Europe Fund invested in Estreliciafetiva to acquire a prime corner building of 3,000 sqm situated between Conde Redondo and Luciano Cordeiro streets in the distinguished Liberdade district of Lisbon, Portugal.
Conveniently located in this prime location near the Marquês de Pombal metro station, Conde Redondo is set for a major transformation. This five-story corner building, spanning 2,670 sqm, will soon feature 40 Ando Living apartments, consisting of studios and one-bedroom. The renovation will refresh the building’s façade and add an additional floor. The development will also include a ground-floor restaurant, a rooftop bar, and potentially a pool.

This initiative aligns with our commitment to delivering lucrative investment opportunities for Prima Europe Fund.

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Ando Living Liberdade Clubhouse is sold out!

We are thrilled to announce that our first European Clubhouse, Ando Living Liberdade, set to open in 2025, is officially sold out since September 2024!

We are excited to welcome 39 new members, from 17 different nationalities, to the Ando Living community, each finding their perfect investment or second home. In less than a year, they’ll enjoy a terrace, pool, lively restaurant and bar, concept store and a vibrant community of like-minded locals, all under one roof.

And when they are not using their apartment, we will generate revenue for them, thanks to our fully managed rental service and the touristic license we secured for the building.

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As well, the Ando Living Augusta House is now officially sold out too!

The OptylonKrea sales team swiftly sold all the apartments within just a few months to both Portuguese and international investors. Augusta House is located on Lisbon’s iconic commercial street in the heart Baixa vibrant neighbourhood.

This 2016 refurbishment project features six touristic apartments, each redesigned with Ando Living’s signature style. Since opening to guests in summer 2022, the Augusta House has consistently impressed, earning an outstanding 9.5/10 guest satisfaction rating, a testament to the quality and experience Ando Living offers. 

When owners are not using their apartments, OptylonKrea provides a fully managed rental service that generates steady income, supported by the touristic license secured for the building. 

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‍More Great News to be shared soon!