Herdade da Comporta & DCR Sale: €25 Million Offer for Carvalhal Land Plots

At issue are the two lots that ‍were ⁤excluded from ⁣the sale in ‍2019 to the Vanguard/Amorim Luxury consortium as DC Developments Gmbh,⁣ a German real estate promotion giant, opposed ⁤the sale ⁣at the time and was able to do so. TodayS planned transaction involves the sale “as is” of the⁢ shares ⁤in⁤ the social capital and all associated credits held by the shareholders.

Adriano lucas, managing partner ‍ of Zaphira Capital – an investment and real estate promotion company based in Lisbon – and administrator of the CPU consultancy, has made a firm offer to purchase the company DCR & HDC Developments -‍ Atividades Imobiliárias, Lda., which owns two tourist lots in‍ the NDTC [Núcleo de Desenvolvimento Turístico do Carvalhal].

DCR & HDC Developments is a special purpose vehicle (SPV) owned through a 50/50 joint venture established between Herdade da Comporta – Fundo Especial de Investimento Imobiliário ⁤Fechado ⁣(in liquidation) and DCR⁤ Comporta GmbH, a German real estate developer.

The value of the⁢ proposal is‍ 25 million euros, which is the minimum value desired by the sellers according to ⁢the teaser sent to investors and to which Jornal Económico had access.

The deadline for submitting binding proposals, with proof of funds available, ended on December 31, 2025. From that date, the ⁢sellers initiated a negotiation phase with one⁢ or more selected ‍bidders.

Dialog with the selected buyer was scheduled for up ⁤to January 16, 2026.

According to our sources, Adriano ⁣Lucas’ proposal has been accepted.But the purchase and sale contract of ⁤the Portuguese company that ⁣owns the two plots of land in Carvalhal, which were left out of the sale of Herdade da Comporta Fund’s assets to the Vanguard properties/Amorim Luxury consortium in 2019, has not yet been signed.

Jornal Económico contacted adriano Lucas, ⁢Hugo Moretti Gomes (manager appointed by partner DCR Comporta GMBH) ⁤and João sousa e⁤ Moura, manager appointed by Herdade da Comporta,⁢ but received no response.

Recall that these two plots of land could not be sold⁣ at the time because a German real estate promotion giant, which holds 50% of this SPV, exercised ⁣its right of opposition.The⁤ two⁤ tourist lots⁤ located in the ⁣NDTC in Carvalhal are located between the lots of Amorim luxury and Vanguard Properties.

Comporta⁢ Dunes Resort in Portugal Sold for €180 Million

The ‍Comporta Dunes resort in Portugal has ⁣been sold for €180 million, according to a press ⁣release issued on January 27, 2026. The sale includes the golf course, allowing for ⁢immediate operational use.

The resort is positioned within the luxury tourism and residential segment, featuring two luxury hotels as part of the Dunes project.

Sellers highlighted several factors to attract buyers, including:

• Proximity to existing golf courses (15 minutes from Troia, Pinheirinho, torre, and Costa Terra).
• Strong international ⁣brand recognition in the Comporta region.
• A favorable economic cycle with‍ high⁤ demand for high-end real estate projects.

The transaction involves the sale of 100% of the⁢ share capital of DCR & HDC, including supplementary capital contributions and other credits held by Herdade da Comporta – Fundo Especial de Investimento Imobiliário ⁤Fechado (in liquidation) and DCR Comporta ⁢GmbH.

The sale encompasses ⁤the ⁢alienation of ⁢these shareholdings and all credits held by the shareholders.