These funds strengthen a company’s financial capacity by acquiring properties allocated to the tourist industry, meaning those registered as tourist enterprises or companies where the main activity is the entertainment sector geared at tourism. The may subsequently be leased to the same company or a third party, normally with the option for the lessee to later purchase these same properties.
Portugal Tourism – 76,5%76%
Caixa Geral de Depósitos – 16%16%
Novo Banco – 7%7%
Others – 0,5%1%
The FIIFT II’s investment policy is geared towards the acquisition of properties used for the tourist activity for the purpose of leasing. Examples include:
- Hoteliers who wish to separate, and distinguish, the real estate portion from the hotel business;
- Hoteliers in need of modernization and downsizing;
- Hoteliers and tourist entertainment with an innovative character;
The properties to be acquired by the FIIFT II may be urban buildings or autonomous units, and may be integrated into the FIIFT II as complete property rights, surface rights or other equivalent content rights.
FIIFT II’s investment policy, in geographic terms, will cover the Portuguese national territory and the states of the European Union.
Properties available for sale or rent: