Real Estate Investor Magazine South Africa June/ July 2019 | Page 59
team. LX Living is set to become the premier residential
LX Living Investors will receive a 4% rental guarantee on
development in Lisbon.”
the purchase price of their apartment for the first two years.
GMG Real Estate has enjoyed excellent support over the
This guarantee will be available on the smaller units (a total of
years from its strategic financial partner Skybound Capital - a
88 apartments) with a price range of €270 000 to €650 000.
global wealth management business, providing a diverse and
A significant opportunity for South African investors
unique range of investment products for family offices, private
is the fact they will be able to access end user finance at an
clients, advisors and institutions.
interest rate of below 2% and loan-to-value of up to 75%. This
In London and Lisbon, GMG Real Estate has developed
will mean that leveraged yields of well over 8% can be achieved
a large and experienced operations team, focused on
by apartment buyers.
construction, project development and turnkey rental
“We want to make it as easy as possible for our investors
management services.
from South Africa to enter the Portuguese market. We have
Rabie has assembled a select team of people who have
therefore identified three best of breed service providers in
relocated to Lisbon and are now working side by side with
the areas of end user finance, golden visa application and tax/
their GMG Real Estate counterparts.
accounting services. We will connect our clients with these
“We have spent the last number of months getting to grips
professionals as and when requested. A good example is the
with the market in Lisbon. Our research has confirmed the
relationship that we have established with executives of Novo
opinion of reputable experts regarding the strong fundamentals
Banco. Our investors will be able to engage directly with
that are driving the shortage of residential accommodation
Novo Banco executives and negotiate the appropriate end
in Lisbon. We now understand
user finance solutions that meet
why these experts have rated
their specific needs.”
Lisbon as the number one city in
An investment of €500
Lisbon
has
so
much
to
offer.
An
all of Europe for investment in
000 and above means that the
residential Real Estate,” said Rabie
enchanting city with a wonderful investor’s family will qualify for
The design of LX Living
obtaining a Golden Visa and
climate, zero crime and plenty
includes a range of apartment sizes
the achievement of permanent
from studios to one, two, three and
residency and citizenship for
available
for
the
growing
tourist
four bedroomed units. The mix of
the family at the end of a five-
units will service both the short market. We feel very confident that year period.
and long term rental markets. The
The quality of life in
we are at the right place at the
building includes an impressive
Portugal together with the
array of amenities including a
right time and that we will be able tax incentives on offer are two
well-equipped gym, day spa,
reasons why the Portuguese
to offer our investors the capital Golden Visa offer has received
two swimming pools and ample
underground parking. The street
global interest since its
growth and returns that they have much
level will encompass 1400 m2 of
implementation in 2012.
retail space including convenience
Rabie explains that advice
rightfully come to expect from
shopping and restaurants.
is readily available for local
us over the many years we have potential investors.
LX Living is well located in
the suburb of Amoireras. There been in the property development
“Early signs strongly indicate
are extensive public transport
that many of our investors want
business.
links in the area, it is close to the
the visa. We are delighted that
major coastal roads to the north
a senior partner from Edge
and south and is only a five-minute walk to the magnificent
International Lawyers in Lisbon will be at our launches in
Avenida de Liberdade, the heart of upmarket shopping and
Cape Town (30 April) and Johannesburg (6 May). Edge are
galleries in Lisbon.
experts in this area and will be providing a customised service
It is also within walking distance of one of Lisbon’s prime
to any investors seeking their advice and support during the
office markets, the Amoreiras shopping centre, Lisbon’s premier
5year Golden Visa process.”
French school and a number of five-star hotels. In addition,
plans are well advanced for the construction of a new metro
Architecture and amenities
station right alongside LX Living which will link the property
LX Living has been designed by leading Lisbon-based,
with the underground rail system that services the city.
global architectural firm Saraiva and Associates. The new
Lisbon investment appeal:
development will feature clean, modern lines, incorporating
•
Geo-strategic location: Lisbon is just one to three
expansive balconies, roof gardens along with a range of
hours from major European cities, and seven hours
relaxing spaces.
from New York;
Owners and tenants will have full access to the fully-
•
Great climate: Europe’s sunniest capital, with pleasant
equipped gym, day spa, swimming pools, underground
climate year round;
parking, two restaurants, a bar, rooftop garden along with a
•
One of the world’s most scenic cities, from its seven
deck, lounges and various meeting spaces High-speed Wi-Fi
hills to the Tagus River;
will be available throughout the building.
•
Financial Times ranking in Top 10 European cities
For
sales information, contact:
with greatest potential;
Anton
McElhone on 083 506 7829 or [email protected]
•
Environmental commitment: 64% of electricity from
Michael McElhone on 064 756 4960 [email protected]
renewable sources;
•
Host to numerous international events; and
•
Growing tourist magnet: 10,18 million foreign
RESOURCES
visitors in 2018.
“
“
New World
SA Real Estate Investor Magazine JUNE/JULY 2019
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