Eastbanc Portugal is a subsidiary of Eastbanc Inc., a property development and management company that specializes in the acquisition, renovation, and management of real estate assets with a particular focus on urban regeneration.
Founded by Anthony Lanier and based in Washington DC, Eastbanc specializes in real-estate promotion and management, pursuing to achieve long-term appreciation of commercial, residential, and tourism assets.
After renovating Georgetown’s neighborhoods in Washington DC, Eastbanc has been investing in Portugal – particularly in Príncipe Real – for the last 20 years. Its intervention has included urban regeneration, from residential and office buildings to high-street retail development.
So far, Eastbanc has acquired around 20 buildings in Portugal, such as Palacete Ribeiro da Cunha (now EmbaiXada), Palacete Faria (awarded four times as best residential renovation in Portugal in 2020), and other palaces – mostly exclusive and historical buildings -, thus becoming one of the main property developers of the Portuguese market in the urban regeneration field. It now holds 40,000m2 of Gross Lettable Area (GLA) in real estate promotion and management, and integrates a variety of projects, from commercial properties to offices, condominiums, hotels, among others.
The company follows a long-term strategy of continuous development of its assets, paired with acquisitions in its neighborhood of choice (Príncipe Real) and other areas of the city, always looking at regeneration. Larger projects, however, are also being developed from scratch.