Altamira Portugal changes its name to doValue Portugal – idealista / news
Altamira Portugal will operate under a new name, renamed doValue Portugal. This rebranding process stems from the strategy of the shareholder, the Italian group doValue, of repositioning Portugal as a key market for the company, which claims to be the largest servicer in southern Europe. The change of corporate name takes place half a year after the appointment of Isabel Teixeira for new CEO, and reinforces the commitment to the Portuguese market in the area of credit and real estate asset management.
“This change represents a sign of confidence in the work we have developed so far and, more than that, it reveals the importance of the national market for the growth strategy of the group, which is a leader in the geographies in which it operates”, explains Isabel Teixeira, quoted in a statement.
The CEO also highlights that: “Now we are doValue Portugal. We changed our name, but our mission and the our commitments remain: offer value to customers and work every day to strengthen our position as a reference service”.
AN doValue Portugal it starts operating in the Portuguese market in 2017 under the name Altamira Portugal, after the acquisition of the Oitante servicing platform. With over 2,000 million euros of financial and real estate assets under management, the company has expanded its offering by adding securitization, consulting and portfolio management services.
who are the Altamira Portugal and the Italian group doValue?
In these nearly four years of activity, according to the same press release, “the Altamira Portugal became a reference player in the Portuguese servicing market”. In recent years, it has led the sale of unique real estate assets, with sales exceeding 350 million euros since its inception.
The Italian group doValue, listed on the Milan stock exchange, assumes itself as the leading operator in southern Europe in credit management and real estate services for banks and investors. With almost 160 billion euros of assets under management and around 3,200 employees, the group is a reference in the markets where it operates: Italy, Spain, Portugal, Greece and Cyprus.
Over the last two decades, the former doBank has built a solid reputation, recognized by the most Industry ratings by international rating agencies, such as S&P and Fitch. Thanks to the complementarity of the group’s companies, doValue provides integrated credit and real estate asset management services to banks and investors.