Vanguard Properties

What Vanguard Properties does

Vanguard Properties is a privately held Portuguese luxury real estate developer founded in 2017 by Claude Berda (with investments beginning in 2016), headquartered in Lisbon at the Tivoli Forum building on Avenida da Liberdade. The company develops premium and luxury residential projects across four Portuguese geographies — central Lisbon (Infinity, Castilho 203, A'Tower, Terraços do Monte, Tomás Ribeiro 79), the Algarve coast (Bayline, White Shell, Casas de Sal), Comporta in the Alentejo (the 1,000+ hectare Terras da Comporta master-planned community with Dunas and Torre championship golf courses), and Oeiras (Foz do Tejo) — with over 700,000 square meters under development. Its portfolio spans luxury apartment towers, gated beachfront resorts, golf-integrated residential communities, and mixed-use riverside developments, all certified under BREEAM and energy efficiency standards.

The company monetizes through one-time unit sales (premium apartments from €605K for resort units up to €3.99M+ for Lisbon penthouses), distributed via direct sales force at Lisbon offices and on-site, complemented by international broker partnerships with JLL, Sotheby's, Cushman & Wakefield, and Porta da Frente Christie's. Vanguard supplements core development with adjacent lifestyle and cultural ventures: PORTICO magazine, Vanguard Stars youth tennis program, Vanguard Eau de Parfum, art collaborations (including with VHILS), cultural patronage of MAAT/Serralves/CAM, and brand extensions such as Corcoran Atlantic. Financed by project-level debt from all major Portuguese banks (Caixa Geral de Depósitos, BPI, Millennium BCP, Montepio, NovoBanco, Crédito Agrícola, Bankinter) and equity from the Berda family's AB Group/Mediawan Thematics proceeds, the company operates without disclosed venture funding. Following founder Claude Berda's death in 2025, leadership transitioned to Henrique Rodrigues da Silva as CEO with Alexandre Berda as Chairman, alongside a strengthened executive bench including a new COO, CCO, and CFO.

Name

Vanguard Properties

Legal name

Vanguardeagle Asset Management, Lda.

Website

https://vangproperties.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

Vanguard Properties is a privately held Portuguese luxury real estate developer building premium residential towers, beachfront resorts, and golf-integrated communities across Lisbon, the Algarve, Comporta, and Oeiras, serving high-net-worth individuals and international investors through direct sales and global broker partnerships.

Ownership category

akta.pro rank

Product category

Luxury Residential Real Estate Development

NAICS

Traveler Accommodation (7211), Golf Courses and Country Clubs (71391), Golf Courses and Country Clubs (713910)

SIC

Real Estate (6500), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Luxury Golf Resorts (THAGACAH)

akta.pro secondary industries

Beachfront & Island Luxury Resorts (THAGACAA), Golf & Leisure Full-Service Hotels (THAGAAAH), Luxury Wellness & Spa Resorts (THAGACAG)

Keywords

• Luxury real estate development
• Premium residential properties
• Real estate investment
• Luxury apartment sales
• Property development services

Headquarters

HQ city

Lisbon

HQ country

Portugal

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations

Revenue model

1. Real Estate Sales: Development and sale of premium and luxury residential properties including apartments, villas, and townhouses in Portugal. Revenue generated from property sales at various stages including off-plan/pre-sale and completed units.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Vanguard Properties develops and sells premium and luxury residential real estate in Portugal, including high-end apartment towers, beachfront resorts, villas, and large-scale mixed-use developments across Lisbon, the Algarve, and Comporta. The company also develops and operates championship golf courses at Terras da Comporta and complementary lifestyle offerings (PORTICO magazine, Vanguard Stars tennis program, Vanguard Eau de Parfum). Revenue is generated primarily through direct sales of developed residential units to high-net-worth individuals and investors.

Product overview

Vanguard Properties operates as a premium and luxury real estate developer in Portugal, offering a diversified portfolio of residential and mixed-use developments. The portfolio includes luxury apartment towers and complexes in Lisbon (Infinity, Castilho 203, A'Tower, Terraços do Monte, Tomás Ribeiro 79), beachfront resorts in the Algarve (Bayline, White Shell, Casas de Sal), and large-scale integrated developments in Comporta (Terras da Comporta). Beyond real estate, the company has expanded into lifestyle offerings including championship golf courses (Dunas Golf Course, Torre Golf Course), cultural publications (PORTICO magazine), sports programs (Vanguard Stars), luxury fragrances, and corporate awards programs. The company follows an integrated vision combining architecture, art, services, and high-end finishes across all projects.

Differentiator

Problem solved

Functional benefit

Brands

• Vanguard Signature: Luxury real estate brand offering premium property services
• Vanguard Stars
• Vanguard Awards
• PORTICO
• Vanguard Art
• Terras da Comporta
• Corcoran Atlantic

Products and services

• Terraços do Monte Luxury residential development in Lisbon's historic center featuring 15 apartments (including 2 penthouses) with 2, 3, and 5 bedrooms, located at the top of Rua Damasceno Monteiro near Nossa Senhora do Monte belvedere. Energy Certification A+.
• Tomás Ribeiro 79 Luxury apartment project with 21 units ranging from 2 to 4 bedrooms, located between Saldanha and Marquês de Pombal in Lisbon. Features indoor pool, concierge services, and private parking.
• Infinity 26-floor luxury residential tower in Lisbon city center with 195 apartments ranging from studios to 6-bedroom units. Features indoor/outdoor pools, spa, gym, paddle tennis court, and rooftop pool. BREEAM certified with Very Good rating; Energy Certification A.
• Bayline Exclusive beachfront property in Lagoa dos Salgados and Praia Grande Bay area, Algarve. Gated community with 255 apartments (1-3 bedrooms), 2 hectares of private gardens, indoor/outdoor pools, spa, gym, and private parking. BREEAM certified with Good rating. Direct beach access.
• White Shell Car-free and bike-friendly tourist resort with 55 apartments (20 villas) designed by Saraiva + Associados. Features indoor/outdoor pools, spa, gym, paddle/tennis courts, and eco-friendly design. BREEAM certified with Very Good rating. Tourist resort with 4% annual profitability.
• Casas de Sal Residential project in Fuseta, Eastern Algarve, inspired by traditional salt pans. Comprises 11 houses (3+1 bedrooms) with areas ranging from 170-175m2. Features common swimming pool overlooking Ria Formosa.
• Foz do Tejo Large-scale mixed-use development in Caxias, Oeiras featuring three residential towers (17, 18, 19 floors), hotel, apart-hotel, single-family residences, historic mansion refurbishment, and retail spaces. Located on a 30-hectare riverside site facing the Tagus River.
• Castilho 203 High-end exclusive condominium with 19 apartments (2-3 bedrooms) in contemporary design, located near Eduardo VII Park in Lisbon. Features indoor/outdoor pools, wellness center with spa, cinema lounge, and rooftop pool with penthouse. Energy Certification A.
• A'Tower Luxury real estate tower in Amoreiras quarter, Lisbon. 16 floors with 24 apartments (1-5 bedrooms). Features indoor pool, rooftop terrace with outdoor swimming pool. NZEB (Near Zero Energy Building) certified - A+NZEB21.
• Terras da Comporta Massive mixed-use development in Comporta including residential (Dunas, Torre), two championship golf courses (Dunas Golf Course, Torre Golf Course), cultural facilities, school, and amenities. Spans over 1,000 hectares.
• Dunas Golf Course Par-71 championship golf course at Terras da Comporta, designed by David McLay-Kidd. 6,646 metres, built on 84 hectares of natural sandy terrain. Ranked #1 in Portugal and #7 in Continental Europe.
• Torre Golf Course Second 18-hole championship course at Terras da Comporta, designed by Sergio García. Features generous fairways and small greens, inspired by Real Club Valderrama.

Quantifiable outcome

• Dunas Golf Course named #1 in Portugal and #7 in Continental Europe (Leading Courses 2026)
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

35 partnerships are on record, tiered minor and core.

• EcosteelminorStrategic or Co-development Partner · 1 January 2023Investment in Ecosteel for innovative steel construction technologies.
• COVIPOR from Saint-GobainminorStrategic or Co-development Partner · 1 January 2023Contract signed to acquire COVIPOR from Saint-Gobain for construction materials.
• Sergio GarcíaminorStrategic or Co-development Partner · 1 January 2023European Ryder Cup legend designing The Torre Course at Terras da Comporta, his first major golf course design project.
• MAAT - Museum of Architecture, Art and TechnologyminorStrategic or Co-development Partner · 1 January 2023Vanguard Properties becomes MAAT's new patron and sole patron of Portugal's main cultural institutions.
• Serralves FoundationminorStrategic or Co-development Partner · 1 January 2023Cultural institution partner in art and culture initiatives.
• Calouste Gulbenkian Foundation - Modern Art Center (CAM)minorStrategic or Co-development Partner · 1 January 2023Cultural institution partner in art patronage program.
• KōzōwoodminorStrategic or Co-development Partner · 1 January 2022Investment in Kozowood - wood construction partner for sustainable building practices.
• Terras da ComportacoreStrategic or Co-development Partner · 1 January 2019Large-scale integrated tourism development including Dunas and Torre Golf Courses, residential developments, and amenities.
• Vieira de AlmeidacoreImplementation/ SI/ Consulting PartnerLaw firm providing legal services and counsel for Vanguard Properties' real estate development operations in Portugal.
• Morais Leitão, Galvão Teles, Soares da Silva & AssociadoscoreImplementation/ SI/ Consulting PartnerLeading Portuguese law firm providing legal advisory services.
• Principe Real AdvogadoscoreImplementation/ SI/ Consulting PartnerLaw firm providing legal counsel for operations.
• CogecocoreImplementation/ SI/ Consulting PartnerAccounting firm providing professional accounting services.
• KPMGcoreImplementation/ SI/ Consulting PartnerMajor consulting firm providing advisory and audit services.
• PKF InternationalcoreImplementation/ SI/ Consulting PartnerAccounting and consulting network providing professional services.
• KrollcoreImplementation/ SI/ Consulting PartnerRisk and financial advisory firm providing consulting services.
• Green LabminorImplementation/ SI/ Consulting PartnerSustainability consultants for environmental assessments and green building practices.
• JLLcoreChannel Partner/ Reseller/ DistributorGlobal real estate services firm acting as broker for Vanguard Properties, providing market access and buyer introductions.
• Sotheby'scoreChannel Partner/ Reseller/ DistributorPrestigious real estate brokerage providing international buyer reach for luxury properties.
• Cushman & WakefieldcoreChannel Partner/ Reseller/ DistributorGlobal commercial real estate services firm acting as broker.
• Porta da Frente Christie'scoreChannel Partner/ Reseller/ DistributorPortuguese luxury real estate broker with international connections.
• Saraiva + AssociadoscoreTechnology or IntegrationLeading Portuguese architecture firm serving as primary architect for numerous Vanguard Properties projects including Infinity, Bayline, White Shell, and Casas de Sal.
• ARX Portugal ArquitectoscoreTechnology or IntegrationPrestigious Portuguese architecture firm designing Castilho 203 and Terraços do Monte projects.
• David McLay KiddcoreTechnology or IntegrationInternationally renowned golf course architect who designed the Dunas Course at Terras da Comporta, his first design project in mainland Europe.
• Mota-EngilcoreImplementation/ SI/ Consulting PartnerMajor Portuguese construction company serving as contractor for Infinity and Castilho 203 projects.
• Grupo CasaiscoreImplementation/ SI/ Consulting PartnerPortuguese construction group acting as contractor for Bayline and Terraços do Monte excavation/containment.
• Alves RibeirocoreImplementation/ SI/ Consulting PartnerConstruction company contractor for A'Tower project.
• DST GroupcoreImplementation/ SI/ Consulting PartnerConstruction group acting as constructor for Tomás Ribeiro 79 project.
• CUF SaúdeminorStrategic or Co-development PartnerHealthcare partner for proximity clinic project in Comporta.
• IberdrolaminorStrategic or Co-development PartnerEnergy company partnering with Vanguard Properties and Porsche for sustainable mobility in Comporta.
• PorscheminorStrategic or Co-development PartnerAutomotive partner for sustainable mobility initiative in Comporta with Iberdrola.
• Amorim Luxury GroupminorStrategic or Co-development PartnerLuxury goods group as Comporta partner for high-end offerings.
• Amazing EvolutionminorImplementation/ SI/ Consulting PartnerTourist condominium management partner for White Shell resort.
• Brave Generation AcademyminorStrategic or Co-development PartnerEducation partner creating innovative school in Comporta.
• VHILSminorStrategic or Co-development PartnerArtist collaborating with Vanguard Properties and Grândola town council to transform Muda village with artistic installations.
• CorcoranminorStrategic or Co-development PartnerVanguard Signature and ABNSouza launch Corcoran Atlantic in Portugal - luxury real estate brand expansion.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Vilamoura World: Large-scale integrated luxury resort in the Algarve with championship golf, residential, marina and hotel components. Vanguard's COO Frederico Pedro Nunes was previously Chief Development Officer at Vilamoura World, indicating direct operational and strategic overlap with Vanguard's Terras da Comporta approach.
• Quinta do Lago: Luxury residential and golf resort in the Algarve combining championship golf, luxury villas and resort amenities. Directly comparable to Vanguard's Terras da Comporta masterplan (Dunas and Torre courses, residential, lifestyle amenities) at similar price points and target HNW/international buyer base.
• Tróia Resort: Large-scale integrated beach and golf resort on the Setúbal peninsula, with residential, hotel and marina components. Comparable to Vanguard's Comporta and Algarve projects as a Portuguese destination-resort masterplan targeting HNW domestic and international buyers.

Broad incumbents

• Neinor Homes: One of Spain's largest listed residential developers with an expanding presence in Portugal. Operates at larger scale and broader price points than Vanguard, but competes for similar prime Lisbon/Portuguese land and HNW buyers, providing a benchmark for institutional-grade Iberian development.
• Norfin: Portuguese real estate asset manager and developer with a track record in residential, retail and office assets. A relevant domestic peer operating at portfolio scale rather than Vanguard's single-project luxury specialization.
• Habitat Inmobiliaria: Spanish homebuilder with multi-decade track record in Iberian residential development. Comparable as a broad incumbent operating across Iberia in residential real estate, though at lower price points than Vanguard's luxury segment.
• Patron Capital: Pan-European real estate private equity firm with significant Iberian exposure across residential, hospitality and mixed-use. Comparable as a broader Iberian real estate capital allocator; not a direct developer peer but competes for institutional partners and prime real estate assets in Portugal.
• Stone Capital: Portuguese real estate investment and development group active in Lisbon prime residential and commercial. Comparable as a domestic incumbent competing for the same HNW buyer pool in Lisbon, though more diversified across asset classes.

Others

• Sotheby's International Realty (Portugal): Luxury real estate brokerage brand acting as a channel partner for Vanguard. A peer because Sotheby's affiliate brokers across Portugal actively market competing luxury developments to the same international HNW buyer pool.
• JLL Portugal: Global real estate services firm acting as broker and capital advisor to Vanguard. Listed as a peer because JLL shapes the international HNW buyer channel for luxury Portuguese developments and competes for the same advisory mandate on competing luxury projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/vanguard_pt
• YouTubeyoutube.com/@VanguardProperties_pt
• Facebookfacebook.com/vanguardpropertiesportugal
• LinkedInlinkedin.com/company/vanguard-properties
• Instagraminstagram.com/vanguardproperties

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vanguard Properties