LDV Invest · Lisbon residential development
Private Real Estate Investment · Portugal

Financing Portugal's residential future.

An evergreen private real estate investment delivering targeted 12% annual returns through disciplined lending to middle-income housing developments across Lisbon, Porto, and high-growth Portuguese cities.

01 · At a glance

Investment Overview

Key parameters at a glance — the structural terms every qualified investor should review first.

Target Return
12% p.a.

Competitive yield within European private credit.

Distributions
Semi-Annual

Regular income subject to project cash flow.

Jurisdiction
Portugal

Portuguese real estate investment structure.

Structure
Evergreen

Flexible with semi-liquid exit mechanics.

Management Fee
2% p.a.

Transparent, aligned fee structure.

Deployment
Immediate

Pre-identified project pipeline ready for capital.

02 · Approach

Investment Strategy

Disciplined, risk-conscious lending to Portugal's most resilient housing segment.

Mid-Range Housing Segment

Focused on middle-income buyers and tenants — the most stable, demand-driven segment of the Portuguese residential market with structural undersupply.

Strong Pre-Sale Potential

Projects selected for demonstrable pre-sale appetite, reducing completion risk and providing early revenue visibility before construction completes.

Clear Permitting Visibility

Only projects with clear and advanced permitting status are considered, minimising regulatory delays and protecting project timelines.

Conservative Stress-Tested Pricing

All projects underwritten against a minimum 15% downside scenario, ensuring returns remain viable under adverse market conditions.

Geographic focus · Portugal
Map of Portugal showing fund focus regions
Primary markets — Lisbon & Porto suburbs

We concentrate on suburbs of Lisbon and Porto — Portugal's two largest metropolitan areas — alongside selected high-growth regional cities where housing demand consistently outpaces supply. Suburban locations benefit from lower land costs relative to city centres while maintaining strong connectivity and buyer demand.

03 · Mechanics

How It Works

A transparent capital flow from investor to project.

01
Investors
Qualified investors commit capital to the investment.
02
BRANCO ETÉREO LDA
Portuguese property holding company.
03
Project Companies
Dedicated SPV per development (e.g. SaltyForest LDA).
04
Developments
Residential projects across Portugal.

Clean Legal Separation

Each project held in its own dedicated company — isolating risk and assets.

Full Value Chain Control

In-house project management and construction oversight across every phase.

Investor Transparency

Clear reporting on capital deployment, milestones, and project progress.

04 · Deployment

Active Projects

Immediate deployment into identified Portuguese developments.

Lisbon Suburbs

Tercena

Apartment block development
Type
Apartments
Location
Greater Lisbon
Units
Multi-unit

A residential apartment development targeting the middle-income buyer segment in one of Lisbon's most accessible and well-connected suburban locations.

Planning
Permitting
Construction
Sales
Complete
Torres Vedras

Turcifal

Individual villa development
Type
Villas
Location
Torres Vedras
Units
6 Villas

A development of six contemporary individual villas in a high-growth area north of Lisbon, designed for owner-occupiers seeking modern, affordable homes.

Planning
Permitting
Construction
Sales
Complete

Pipeline continues to grow. Additional projects under evaluation.

05 · Differentiation

Our Edge

What differentiates LDV Invest in Portuguese private credit.

01

Middle-Class "Affordable" Focus

Targeting the largest and most undersupplied segment of the Portuguese housing market. Demand consistently outpaces supply from owner-occupiers and long-term renters.

02

Identified Deal Flow

Pre-identified project pipeline enables immediate capital deployment. No blind-pool delays — every project is evaluated before capital is committed.

03

Efficient Permitting & Registration

Deep local knowledge and established municipal relationships enable faster, more predictable permitting — a critical advantage in development finance.

04

Design & Construction Cost Control

Simple, efficient, yet contemporary designs that maximise buyer appeal without inflating costs. In-house oversight protects margins throughout the build phase.

05

Conservative Pricing Discipline

All projects priced conservatively relative to market comparables, creating a meaningful buffer against volatility and supporting strong pre-sale conversion.

06

Vertically Integrated Value Chain

Affiliated companies cover origination, development, project management, and construction — ensuring control and accountability at every stage.

06 · Expertise

The Team

Deep expertise across the full project lifecycle.

EU Real Estate Development

Hands-on experience in European residential and mixed-use development spanning land acquisition, planning, construction oversight, and asset disposal across multiple markets and cycles.

International Finance & Structuring

Deep expertise in international finance and private credit — enabling the investment to be efficiently structured for investor returns and tax optimisation.

Project Evaluation & Underwriting

Proven track record in rigorous project evaluation, credit underwriting, and end-to-end execution — from initial feasibility through to delivery.

Local Portuguese Partnerships

Strong, established operating partnerships on the ground in Portugal — providing privileged deal flow access, local market intelligence, and construction execution capability.

Combined, the team brings 15+ years of European real estate and finance experience across 4 countries and 12+ projects delivered.
07 · Macro backdrop

Why Portugal?

A compelling macro backdrop for residential development finance.

Portugal's residential real estate market offers a rare combination of structural undersupply, growing demand, and favourable investment conditions. Lisbon and Porto face a persistent housing shortage estimated at over 700,000 units, driven by population growth, urban migration, and a decade of underbuilding. Suburban areas offer lower land costs with strong connectivity, creating attractive development margins for disciplined operators. Combined with a favourable tax environment, ongoing infrastructure investment, and Portugal's position as one of Europe's most desirable lifestyle destinations, the fundamentals for middle-income residential development remain strong.
0
Estimated housing deficit (units)
Top 0
European quality-of-life ranking
Strong
Rental yields vs. EU average
Sources: INE, Bank of Portugal, Eurostat.
08 · Details

Frequently Asked Questions

Answers to the questions we hear most from qualified investors.

Investment Structure

LDV Invest is a private real estate investment focused on residential development in Portugal. Capital is deployed as secured lending to middle-income housing projects, primarily in the suburbs of Lisbon and Porto, through BRANCO ETÉREO LDA and dedicated project companies.
Capital is channelled to BRANCO ETÉREO LDA, our Portuguese property holding company, which then advances secured loans to dedicated project companies (SPVs) — one per development. This structure isolates risk per project and keeps each asset legally separate.
Capital is continuously deployed and reinvested across a rolling pipeline of projects, with semi-liquid exit mechanics, rather than being locked into a fixed-term vehicle. This keeps your money working as projects move through their lifecycle.
Each project sits in its own SPV with the underlying real estate assets ring-fenced. Lending is structured against project-level collateral, with conservative loan-to-value ratios and stress-tested pricing applied at underwriting.

Returns & Distributions

12% p.a. This is a target, not a guarantee — actual returns depend on project performance and market conditions.
Semi-annually, subject to project cash flow, with detailed reporting alongside each distribution.
2% annual management fee. No hidden fees.

Investment Process

To be confirmed — please submit an information request and our team will share current subscription terms.
Submit an information request. The team will provide the documentation and guide you through the subscription process.

Risk & Governance

Capital is at risk. Key risks include construction delays, market corrections, regulatory changes, and borrower default. These are mitigated through conservative underwriting, stress-tested pricing, clean legal separation, and in-house oversight.
Projects must meet strict criteria: mid-range housing segment, demonstrable pre-sale potential, clear permitting visibility, and viability under a minimum 15% downside scenario.
09 · Get in touch

Request information about LDV Invest.

We welcome inquiries from qualified investors, family offices, and financial advisors. Submit your details and our team will respond within 48 hours and help you with the next steps.

Emailinvest@ldvinvest.com
LocationCascais, Portugal
ResponseWithin 48 hours
Your details are kept confidential and used only to fulfil your request.