Investment Strategy

Investment Strategy

Pure Play Investment Approach 

Large International investors lack a solid local platform to access and capitalize on opportunities outside the main European Markets. Driven by Macroeconomic Trends that are not exposed to a specific moment in time we focus on Stressed and Distressed off-market transactions arising from the deleveraging process of the GFC and the current COVID crisis.

Current market landscape

“It´s easier to sell high if you have bought low”, Mckinsey – and this investment cycle presents to us as a good buying opportunity.

Europe is considered among the best places to live in the World.

The growth of digitalization makes life outside city centres easier. B2B and B2C will grow automation, centralization will no longer be an issue.

Lower acquisition costs aligned with lower production costs allow solid returns in the next 2 yrs.

The need for the growth of new categories and new ways of defining leisure will demand investment Silver Residences.

Sales are increasing among Hotels and Office Buildings which are solid short-term opportunities.

At GJ we foresee increase sales of stressed and distressed assets from Companies, Investment Funds and Financial Institutions due to the impact of COVID-19.
The scale of the fiscal response to the COVID-19 crisis was unprecedent being three times bigger than seen for the 2008–09 financial crisis. Although interest rates are generally low, that could mean raising taxes or cutting spending—or both.

“Coronavirus is the mother of all stress tests” – Thomas Friedman

Resilient market demand

GJ has developed core knowledge in the Silver Consumer Segment since they are the least affected market segment from a macroeconomic standpoint.

At GJ we foresee potential demand increase of buyers seeking safer locations.

The fiscal impact of the current crisis will foster the migration of Silver Consumers to Countries with more competitive tax regimes generating more demand for Real Estate Units in these markets.

Investment in a growing market

Silver Economy will represent 42% of EU Economy in 10yrs.

Europe has 4 of the 5 Top investment destination for these consumers in the World.

Non-habitual residents and wealthy families are expected to grow 35% in the next 5yrs in Europe with a Total of 4,2M millionaires.

Investments & returns

GJ ifs focus on Middle-market transactions in Peripheral Europe, due to Banking Balance-Sheet deleveraging and less competition from large continental players.

With a Resilient Market Demand our investment strategy fosters capital preservation.

Volatility and inflation foster Real Estate ownership making Real Estate Investment Cycle appealing.

Resilient market demand

GJ has developed core knowledge in the Silver Consumer Segment since they are the least affected market segment from a macroeconomic standpoint. At GJ we foresee potential demand increase of buyers seeking safer locations.

The fiscal impact of the current crisis will foster the migration of Silver Consumers to Countries with more competitive tax regimes generating more demand for Real Estate Units in these markets.

Invest in a growing market

Silver Economy will represent 42% of EU Economy in 10yrs

Europe has 4 of the 5 Top investment destination for these consumers in the World

Non-habitual residents and wealthy families are expected to grow 35% in the next 5yrs in Europe with a Total of 4,2M millionaires

Investments & returns

GJ ifs focus on Middle-market transactions in Peripheral Europe, due to Banking Balance-Sheet deleveraging and less competition from large continental players.

With a Resilient Market Demand our investment strategy fosters capital preservation.

Volatility and inflation foster Real Estate ownership making Real Estate Investment Cycle appealing.

Portugal in the European Investment Landscape 

Portugal in the
European
Investment 
Landscape 















Main Socio-economic indicators

  • Population10,295,909

  • No. Of Tourists21,107,000

  • GDP € 212 Bn

  • GDP per capita€ 20,614

  • GDP growth+2.2%

  • Employed Population4,693,500

  • Unemployment rate5.6%

  • Inflation rate1.0%

Source Statistics Portugal, Banco de Portugal (2019)

Why invest in Portugal

Portugal offers strong returns due to high demand and low production costs

Buyers from Central Europe and UK are migrating their individual real estate investments to peripheral Europe.

Silver Investors have rated Portugal as the 2nd Investment Destination in Europe

Silver Consumers are the fastest growing segment representing 42% of EU economy for the next 10 yrs, with low macro-economic volatility.

Portugal is expected to increase by 49% in wealthy families in the next 5 yrs – 57,000 new millionaires

Considered to be amongst the best countries to live in Europe, Portugal benefits from social economic stability and a competitive tax regime.

Attractive Real Estate Market Dynamics

Capital scarcity amongst local players has created lack of supply. Coupled with increased demand and transaction volume, the supply/demand dynamics remain highly attractive.

Solid Portuguese
fundamentals

Very competitive tax regime for non-habitual-residents, free remittance of funds abroad, no inheritance taxes or health care taxation.

It has attracted more than 30.000 NHR, and more than 421.700 foreigners that have chosen  living in Portugal. 

The residency visas that allow for full Schengen access, have attracted more than 7.000 visas applicants and a total of € 4.720 million in FDI. 

Real Estate Investments account for 94% of total FDI.

Due to limited supply, it has been forecasted in a study by RICS2018, that the residential prices will grow  on average 5,5% over the next 5 yrs.