GMG and RE Capital launch real estate fund to manage prime location project in Lisbon

24 November 2021
Press Release · Reading time: 2 minutes

The project, designed by one of Europe’s leading architects, is a contemporary building that will consist of 150 luxury apartments, ground floor retail and an internal plaza.

GMG Asset Management and RE Capital have launched a real estate feeder fund to manage a large-scale development project in the heart of Lisbon that will serve as an important residential neighbourhood in the Portuguese capital.

GMG has been appointed as the fund’s investment manager, adding to its growing real estate portfolio. GMG will use the group’s experience in real estate and expertise across asset classes covering several jurisdictions, including Switzerland, UK, Portugal and Germany.

The fund, domiciled in Luxembourg, serves as a precedent for future opportunities that can replicate the fund’s efficient structure, offering a robust and fully regulated framework and greater warranty for institutional investors.

“We’re pleased to have been selected for this important project following our FINMA licence extension in May earlier this year,” said GMG’s CEO, Mathieu Saint-Cyr. “GMG’s joint venture with our partner RE Capital is a new chapter in our ambitious plan for several future real estate projects that serve a genuine utility for the areas in which they’re built.”

“We are thrilled to be working with GMG on this fund as it has been a clear goal to gravitate towards regulated structures for our international base of investors,” said Newman Leech, co-Founder and CEO of RE Capital. “It is our first such foray into the regulated fund space and we hope to do many more with GMG. This is an exciting new residential project and will arguably be one of the most contemporary developments in charismatic and vibrant Lisbon. Once complete, it will provide an attractive opportunity for investors to own quality apartments in one of the world’s top ten cities.”

The project is managed in Portugal by Reward Properties, a residential real estate developer, set up as a joint venture between RE Capital and Neworld, a European-domiciled property development company.

About Geneva Management Group

The Geneva Management Group (GMG) is an award-winning asset manager and multi-family office established in 2000. Our structure and 20 years of experience allow us to provide an unparalleled service tailored to meet the dynamic and changing needs of individuals, families, intermediaries, institutions, and corporations.

In 2019, GMG Institutional Asset Management successfully obtained its FINMA license as manager of collective assets, allowing it to provide services to Swiss institutions and pension funds. As of 2021, its licence was expanded to international Private Equity investments.

Through our bespoke wealth management solutions, we assist our clients across the globe through every stage of the optimization and growth of their portfolios. With our offices in Geneva, Zurich, Dubai, Johannesburg, and Mauritius, our clients benefit from a broad but centralized scope of expertise supported by a rich ecosystem of professionals.

About RE Capital

RE Capital is an independent, pan-European, private investment company specialising in the acquisition, development and asset management of real estate, and operating out of London, Lisbon and Geneva.

The company managed €1BN of real estate assets and has an impressive pipeline of opportunities it is pursing in Q4 2021.

Visit RE Capital’s website at www.recapital.com

Important notice

This press release is a document prepared and published by GMG Asset Management (Switzerland) SA, a Swiss manager of collective assets, having its registered office at Rue Ferdinand-Hodler 23, 1207 Geneva (Switzerland), authorized and regulated by the Swiss Financial Market Supervisory Authority (FINMA) (hereinafter “GMG”). It is not intended for distribution, publication, or use in any jurisdiction where such distribution, publication, or use would be unlawful, nor is it aimed at any person or entity to whom it would be unlawful to address such a document. This media release is provided for information purposes only. It does not constitute an offer or a recommendation to enter into a relationship with GMG, nor to subscribe to, purchase, sell or hold any security or financial instrument. This document may not be reproduced (in whole or in part), transmitted, modified, or used for any public or commercial purpose without the prior written permission of GMG.

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