PLMJ advised M&G on the acquisition of a flex living project in Lisbon from Value One. The project involves the construction and operation of a development of 203 studios and 56 rooms, totalling 13,000 square metres. It is expected to be completed in the first half of 2027.
The project complements M&G’s portfolio, which is developing a 259-unit student housing project adjacent to the newly acquired project. The residence is due for completion in 2025.
On the PLMJ side, the team was led by Ricardo Reigada Pereira, partner and co-head of the Real Estate practice. Other team members included Hélder Santos Correia and Rita Neves Machado.