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HHORAS

Services

Procurement

Every mandate is run on objective criteria — return, risk profile, location, entitlement and strategy — never on whatever the market happens to be offering. Acquisition mandates are structured for institutional investors, international groups and private capital, and set out to answer concrete objectives rather than passing opportunities.

The approach brings qualified capital closer to opportunities that are not openly available, and holds strategic alignment, confidentiality and efficiency through every stage of the search and the negotiation.

The Process

01

Brief

A conversation centred on the mandate and the priorities set for it: asset type, location, budget, holding horizon and strategic objectives.

02

Search

Discreet sourcing, on and off market, through an established professional network. Nothing publicly advertised, and directed only at opportunities that answer the mandate.

03

Selection

A narrow selection of assets that meet every criterion set, presented with the due-diligence documentation needed to analyse them and decide.

04

Acquisition

The transaction run from start to finish: negotiation, legal coordination and completion. No surprises.

Active Mandates

Current acquisition criteria — updated regularly

Propose a Property

Residential & Living

40–200M€

  • Student residences · Senior residences
  • Acquisition
  • Major cities
  • Consolidated or emerging residential locations
  • Good transport access and infrastructure

+15M€

  • Residential land · Development opportunities
  • Residential developments
  • Minimum area: >5,000 sqm

NA

  • Residential asset — Lisbon
  • Property suitable for conversion into apartments
  • Development project >7,500 sqm

NA

  • Residential development projects
  • Housing development: >3,000 sqm
  • Student residences: >5,000 sqm
  • Location: Lisbon

10–20M€

  • Operational residential assets
  • Student residences · Senior residences
  • Lease term: 10+ years

10–20M€

  • Residential asset
  • Minimum area: >15,000 sqm
  • Locations: Lisbon, Porto

NA

  • Residential asset — Cascais to Lisbon
  • PIP or approved project
  • Minimum area: >2,000 sqm

+15M€

  • Residential buildings — refurbishment or conversion
  • High-demand locations, outside socially deprived areas
  • Asset deal or share deal (no residual portfolios)
  • Target yield: >6% to 8%

Hotels & Hospitality

12–50M€

  • Major European cities — urban centres
  • University cities and metropolitan regions
  • Minimum 100 rooms
  • Long-term contracts with solid operators
  • High-quality sustainability certification

+30M€

  • Existing hotels — acquisition
  • 2* to 5* · Urban prime locations
  • Long-term contracts, solid operators
  • Sustainability certification
  • ≥120 rooms · WAULT 10 years (minimum)

+25M€

  • Holiday hotels — seafront or second line
  • Urban hotels and hostels in cities with strong international tourism
  • Assets requiring repositioning or refurbishment

+15M€

  • 2* to 4* · Business oriented
  • Lease contracts · WAULT 15 years
  • High-end hotel projects
  • Asset deal or share deal

12–50M€

  • Acquisition or lease — Lisbon, Porto
  • Operating licence issued
  • ≥30 keys · Value appreciation potential

NA

  • Existing hotels · Aparthotel
  • Acquisition or management — Lisbon city centre
  • PIP in progress or approved
  • Min. 3,000 sqm · Key ≥24 sqm

NA

  • Hotel · Co-living
  • Acquisition — for development
  • Approved project · 10,000 sqm · 300 units

NA

  • Hotels — acquisition or lease
  • ≥40 rooms · 2* · Urban centre

NA

  • Existing aparthotels · Residential buildings
  • Conversion into tourist apartments
  • ≥20 apartments · Lisbon, Porto and Islands

NA

  • Existing buildings — 2* hotel units
  • Central areas preferred — riverfront locations
  • All sizes considered · Subject to refurbishment/repositioning

NA

  • Existing buildings — 4* to 5*
  • Starting at €180k/key · Rehabilitation (limited works)
  • 50 keys · Cascais or Estoril

Logistics & Industrial

15–60M€

  • Distribution centres
  • Major European metropolitan regions — strategic logistics hubs
  • Modern and flexible structures
  • 24/7 operations permit · Minimum occupancy 80%

NA

  • National and international logistics hubs
  • Energy-efficient and sustainable assets
  • Clear height above 10.50m
  • WAULT ≥5 years · Minimum occupancy 80%
  • Tenants with strong financial capacity

NA

  • Existing facilities · Distribution centres
  • Acquisition · Operational
  • Target yield: y >7.8% · NNN

NA

  • Warehouses · Factories · Land
  • 20,000 sqm · Existing building or development
  • Logistics and industrial assets

Offices & Services

40–300M€

  • Services · Offices — CBD locations
  • All types of lease contracts · Vacant assets
  • Value appreciation potential

>15M€

  • Acquisition — CBD locations
  • Av. da Liberdade · Marquês de Pombal · Saldanha · Av. da Boavista · Aliados
  • Class A office buildings · Refurbishment or conversion
  • WAULT >5 years

12–50M€

  • Core and Core+ office assets
  • Metropolitan and densely populated areas
  • Energy-efficient · Sustainability certification
  • Less than 15 years old or recently refurbished

10–20M€

  • Office · Services
  • Core premium location

NA

  • Life science assets
  • Target yield: >7.8%
  • Pharmaceutical companies · Life science hubs · Hospitals

NA

  • Cowork · Acquisition or lease
  • Lisbon, Porto — city centre
  • 1,000 sqm

NA

  • Cowork · Lease or management agreement
  • Cais do Sodré · Alcântara
  • 1,000–1,500 sqm

NA

  • Garages · Warehouse · Retail with vehicle access
  • Central locations: Castilho, Rodrigo da Fonseca

Have a specific mandate
in mind?