TELLES provided Fragor Imobiliária, a company belonging to the Ferpinta Group, with legal advice on the purchase of a hotel in Funchal from Relaxpélago. This included purchasing the property and hotel, which will soon reopen under the name 'Vila Baleira Residence'.
Legal advice was provided by a multidisciplinary team from TELLES, led by Francisco Espregueira Mendes (Managing Partner and coordinator of the Corporate, M&A and Private Equity area) and coordinated by José Maria Braga da Cruz (senior associate from the same area). Célia Neves Rodrigues (Real Estate and Construction), Vera Matos Pereira and Francisca Cordeiro da Silva (Labour and Social Security), and Ana Moreira da Silva (Tax) also contributed to the operation.
Through this transaction, the Ferpinta Group is strengthening its strategic investment in tourism in the Autonomous Region of Madeira, where it has two hotels in Funchal and three in Porto Santo.
The Ferpinta Group is the largest manufacturer of steel tubes in the Iberian Peninsula and a leading player in the European metalworking sector. It has a presence in more than 50 countries and has been strategically diversifying its portfolio, with a particular focus on tourism, especially in the Autonomous Region of Madeira and Mozambique, through its Vila Baleira Hotels & Resorts brand.
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