Geneva-based RE Capital has forged a new joint venture with Neworld, a European-domiciled property development company, known as Reward Properties.
The joint venture will offer investors unique opportunities to buy into the high-end residential real estate market in Portugal. The gross development value of the current Reward Properties portfolio stands at €300 million ($358 million), according to the companies.
“Following the success of our initial partnership, it made strategic sense for us to commit to a joint destiny and to create a new offer that combines our skill sets, joint resources, technical expertise, and access to markets — all of which add great value for our international investors, especially those who might be buying property internationally for the first time,” said John Rabie, founder and chairman of Neworld.
The joint venture builds on an existing partnership between the two companies, which first worked together in 2019 to develop res
