The André Jordan Group has signed a partnership with fund manager Oaktree Capital Management.
Oaktree, one of the largest alternative investment management companies in the world, will help finance the latest development phase of premier and exclusive luxury golf and lifestyle community Belas Clube de Campo, near Lisbon.
This operation, which foresees an investment of over €500 million, is part of the development’s growth strategy for its latest phase comprising apartments, townhouses and plots of building land for detached houses within a project totalling 1,400 units.
Gilberto Jordan, CEO of the André Jordan Group, says: “We are pleased and proud to announce the formal signing of this partnership with one of the largest and most prestigious investment companies worldwide.
“It reflects the recognition and confidence of the group’s quality and experience and will contribute towards strengthening the supply available at the development and meet the high level of demand for our product,” he added.
Oaktree has a long-term approach to business investments, focusing on solid and sustainable projects. Its investment in Belas Clube de Campo is seen as recognition of the work done over the last two decades.
The investment will enable the André Jordan Group to put around 100 units a year onto the market and make the Belas development “one of the best quality places to live in Europe”.
The new phase of Belas Clube de Campo, called Lisbon Green Valley, has already begun with the construction of luxury residences and infrastructure improvements. Belas Clube de Campo seeks to recreate the Quinta do Lago concept created by André Jordan in the Algarve over 30 years ago.
Gilberto Jordan says that “from now on, we will have the financial capacity and means to develop the entire project”.
Oaktree Capital Management is a leading global alternative investment management firm with expertise in credit strategies. The firm was formed in 1995 by a group of individuals who had been investing together since the mid-1980s in high-yield bonds, convertible securities, distressed debt, real estate, control investments and listed equities.
Today, Oaktree has over 950 employees and 43 portfolio managers in Los Angeles (HQ), Dublin, Luxembourg, Dubai, Hong Kong, Tokyo, Singapore, Seoul, Beijing, Shanghai and Sydney.
More business and property news at www.essential-business.pt