Dils enters the Portuguese market with the acquisition of Castelhana. Founded in 1999, Castelhana has built one of the largest and most solid real estate portfolios in Portugal. They have managed over 600 renovations and new construction projects, totalling an overall value of more than €2.3b in the last 10 years. The company is a top player in new developments in Lisbon and has collaborated with over 200 developers on Portugal's most iconic projects. Castelhana employs more than 80 professionals with offices in Lisbon, Porto, and the Algarve.
Dils has a significant investment plan for Portugal aimed at accelerating growth and bringing innovation to the residential sector. They also plan to expand into commercial real estate services while leveraging a hiring strategy focused on attracting the best professionals in the country. The agreement with Castelhana allows Dils to export its unique business model developed in the Italian market to Portugal. This model is based on strong innovation-oriented know-how and the ability to anticipate market trends in various real estate asset classes, thanks to the use of advanced digital technologies and highly experienced professionals. Dils will leverage its in-house Transformation Team, which now counts 60 professionals specialized in technology, marketing, digital, graphic design, 3D programs, and research.
"We are very proud to welcome the exceptional team of Castelhana into our Group, with many talented professionals who have brought the company to very successful achievements becoming market leader in the residential new developments in Portugal" said Giuseppe Amitrano, CEO of Dils. "This new chapter represents another important step for Dils in the international expansion plan that we launched last year. Our attitude when entering new geographies is to offer best-in-class services to our clients, combining local expertise with our know-how, competencies, and technologies. The goal is to continue to expand our presence in other countries and become the new independent, smart, and alternative player in the European real estate market.”
Patricia Climaco, Castelhana’s controlling shareholder, said “This transaction comes at the perfect timing and will enable Castelhana to expand into new areas where Dils has extraordinary capabilities and know-how. I would like to take this opportunity to express my sincere gratitude to the developers who have entrusted us repeatedly with the marketing of their developments over the years. Together we have set trends in the residential sector, rebuilding city centres, expanding them, bringing life and pride to them.”
Image source - Pexels.
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