C&W launches services in the residential sector in Portugal
16 Jul, 2007, Lisbon
Global real estate consultant Cushman & Wakefield (C&W) announced today the start of their activity in the residential sector in Portugal.
The services provided by Cushman & Wakefield Residential will be focused on major investment transactions of urban and tourist residential projects and on the sale and marketing of resort properties to buyers originating from the markets in which C&W Residential already operates. The team will also provide development consultancy services to clients on urban and resort residential, and mixed use projects.
This new area will be headed by Ricardo Roquette, who recently joined C&W’s team in Lisbon. Ricardo previously held the position of Sales Director of Westin Campo Real Golf Resort & Spa, a resort located around 30 km west of Lisbon comprising 370 residential units, a golf course, an equestrian centre and the international Starwood chain’s first Westin Hotel in Portugal.
C&W Residential is currently established in 8 countries – the United Kingdom (EMEA headquarters in London), Spain, Hungary, Poland, the Czech Republic, Russia, Turkey and now Portugal, and expects to start its activities shortly in the Italian, German and Scandinavian markets.
According to Eric van Leuven, Managing Partner of Cushman & Wakefield in Portugal, “the residential sector is a logical extension of our activity in Portugal. There are obvious synergies with the hotel sector, which we started up very successfully in Portugal in 2005, and also the investment area. We believe that Portugal will be increasingly sought after for second homes by foreigners, due to our special background in terms of security, climate and quality of the projects which will be completed over the next few years.