Bondstone invests over €100 million in Vilamoura residential project

Private equity firm Bondstone has purchased Quinta do Morgadinho, a 68-hectare plot of land in Vilamoura, to build a residential project worth over €100 million.

Says Bondstone, the property is located in a “prime area in the heart of the Golden Triangle – close to the beach, golf courses, and Vilamoura Marina.” It has an approved development permit, partially built infrastructures and “unique conditions for the development of a highly distinctive residential project compared to what exists in the area,” the firm adds.

“This acquisition represents Bondstone’s first project in the Algarve and reinforces our commitment and presence in the Portuguese real estate market. This is our largest investment in the sector to date. Our focus is on developing distinctive projects that elevate the national market and add value to the areas in which they are located. With this investment, we aim to further enhance the value of the Algarve and continue to expand our portfolio,” says Paulo Loureiro, founder and CEO of Bondstone.

The Algarve is described as a well-established and highly sought-after destination” by Bondstone’s Chief Operation Officer, Pedro Nunes, stressing that the region has “distinctive qualities that attract different markets.

“Therefore, it is the ideal location for Bondstone’s next project. This is the largest residential real estate transaction of the year in the Algarve, placing us at the forefront of the sector and the national market,” he stressed.

International consultant JLL acted as the sell-side advisor to Bondstone in this investment. JLL’s Head of Development & Natural Capital, Gonçalo Ponces, has stressed how the sale of Quinta do Morgadinho will lead to the creation of a “unique project” that is “unparalleled in Portugal.

“This transaction once again demonstrates the resilience of the real estate development market, especially in large-scale projects, the focus on the Algarve and the Golden Triangle, and the confidence in the future strength of residential demand, both nationally and internationally, highlighting the investment potential in this region,” he said.

Operating in Portugal since 2016, Bondstone has structured a portfolio of real estate assets representing an investment of €315 million and assets under management valued at €380 million. The purchase of the new land in the Algarve marks the company’s 12th project in Portugal and is also its largest investment made to date.

Founded in 2016, Bondstone is a private equity firm specialising in the development and management of real estate assets in Portugal.

Its strategy focuses on “attracting international investment (mainly from the US and Europe), entirely channelled into the enhancement of cities, including the development of residential projects for Portuguese families and infrastructure to support the economy.”

The firm says that it aims to position itself internationally as the “leading investment platform in Portugal for investors who believe in the potential of the real estate market and Portugal as a whole.”

By Michael Bruxo
[email protected]

Portugal Resident