Global alternative asset manager Tikehau Capital is investing €52 mln 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 m² 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.
Tikehau said the project was designed to serve as a catalyst for the growth of both local and international companies seeking to establishing themselves in Porto, with complementary offerings in the retail and wellness sectors.
