MK Premium to invest 2M euros to enter the tourist rental market in Portugal

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

The firm owns three buildings in Oporto and the neighboring town of Vila Nova de Gaia. With this move, the company expects to achieve an annual return of more than 25%.

MK Premium is entering the tourist rental market. The company, headed by brothers Daniel and Sergio Leiva, will allocate the three properties it holds in Oporto and the neighboring town of Vila Nova de Gaia to this market. For this, it will invest more than two million euros in the rehabilitation of the assets.

Specifically it is a building of 730 square meters located in the old town of the second Portuguese city in importance that is being completely renovated to improve its state of conservation and which will house nine homes.

On the other hand, the family office owns two assets in Vila Nova de Gaia, known for its wine industry. Specifically it is a building of 425 square meters that will house eight apartments, and a farm of 394 square meters that will have seven more houses.

The company's goal is to achieve an annual return of more than 25%. In this sense, the founding partner of MK Premium, Daniel Leiva, explains that "there is less turnover in real estate, so we are obliged to detect new business opportunities in the sector".

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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