Paulo Loureiro, a Portuguese real estate entrepreneur and a former executive director at Morgan Stanley in New York City, has formed Bondstone, a private equity real estate investment and asset management firm focused on the Portuguese market, specifically housing projects for the middle class, as well as offices, hotels and student and senior homes.
The firms aims to invest €400 million ($454 million) in projects over the next two years.
Loureiro previously focused on the development of residential rehabilitation projects for the luxury segment, through Louvre Properties, which will be incorporated into Bondstone. Loureiro is finalizing the projects in the portfolio of Louvre Properties, all of which are luxury rehabilitation projects. There are nine projects (seven in Lisbon, one in Cascais and another in Porto) in different stages of development, which involved an investment of €100 million ($114 million) and resulted in sales of €130 million ($148 million
