Real Estate - Rio de Janeiro, State of Rio de Janeiro, Brazil
Aengus Imoveis is the result of Aengus Property Holdings vision to grow its property fund beyond the African continent in order to target the wealth of opportunities that lie within the fast developing emerging market in South America. Brazil, and more specifically Rio, has bounded forward over the past few years with an enviable, uninhibited confidence and Aengus is taking advantage of this by setting up a permanent office in Rio de Janeiro. Aengus has identified the increasingly growing demand for quality, cost effective accommodation within several niche markets within the country. With education levels improving and millions more attending universities with in the BRICS countries (Brazil, Russia, India, China, South Africa), emerging market student accommodation as a sub-sector of commercial property is attracting the attention of forward-looking investors. The company, which has nearly 10 000 student beds in its international portfolio, has pioneered up-market student accommodation in Africa and has now set its sights on replicating it's tried and tested business model within the Brazil marketplace. Beyond the student market, Aengus has identified the need for safe, comfortable and affordable accommodation for blue collar workers involved in port and commodity based infrastructure development and is forming partnerships with some of the most innovative manufacturers of factory built accommodation to assist in facilitating such demand.