The American fund Davidson Kempner (DK) notified the Competition Authority (AdC) about the purchase of a set of tourist assets from the banks, including 17 luxury hotels, in what was the biggest real estate deal carried out last year for around 800 million euros.

In an announcement published in Jornal de Negócios, the authority led by Nuno Cunha Rodrigues reports on the notification made to Hospitality Living Portugal, an affiliated fund of DK, on the exclusive control of a portfolio of hotel, residential and real estate assets which were managed by the ECS restructuring fund.

At stake are 17 golf courses in the North, Lisbon and Algarve, three golf courses in the Algarve, a shopping center in Funchal and two warehouses located in Alenquer and Famalicão, according to the same announcement.