Arrow Global, a leading European investor and asset manager in secured and unsecured defaulted and non-core loan portfolios and real estate, is pleased to announce Norfin’s leadership and Arrow Global’s co-investment in the more than €200m “Metropolis” Lisbon real estate project.
The project will establish a new landmark in the Alvalade area, creating over 80,000 sqm of new prime real estate. This will be located on the site of the old Alvalade stadium and includes four new office buildings, more than 200 flats and over 11,000 sqm of retail space. The construction is planned to start at the end of 2020.
Norfin is a leading real-estate investment management company in Portugal and a fully owned subsidiary of Arrow Global Group. This investment follows Norfin’s involvement in a number of other leading developments such as the Justice Campus in Lisbon and the Prata Riverside Village in Marvila.
Commenting, André David Nunes, Arrow Portugal's Chief Investment Officer, said: “This project is testament to Norfin's expertise and experience as a leading real estate investment manager. We believe that the location can capitalise on the expansion of Lisbon’s Central Business District and should capture the demand for new offices, retail space and residential real estate.”