Leblon Capital LEBLON CAPITAL
Leblon Capital · Portugal

Real estate investment and development.

Leblon Capital invests in and develops residential, student housing and hospitality assets in Portugal, combining disciplined underwriting with direct development management.

View track record →Contact →
Terramare — Malveira da Serra, Cascais
Terramare · Malveira da Serra, Cascais
The firm

A hands-on investment platform.

We invest alongside our partners and remain directly involved through acquisition, licensing, design coordination, procurement, construction oversight and exit. Each asset is structured and managed at project level.

How we invest →

Track record at a glance

€100MAggregate GDV
€58MCapital deployed
7Completed investments
Completed investments

Track record

Seven completed positions across residential, student accommodation and hospitality. Figures below are rounded to the nearest million.

ProjectProgrammeGDVCapital deployed
Luxury VillasLisboa · Santa Apolónia Closed condominium, 14 houses €14M €11M
Six-building schemeVila Franca de Xira Affordable residential, 85 units €25M €14M
Avenidas NovasLisboa Retrofit plus two added floors, 6 apartments €11M €8M
Apart HotelLisboa 62 rooms, sold with the project approved €10M €5M
Student ResidenceAlmada 330 en-suite rooms beside the university €18M €5M
Estoril BuildingEstoril · Cascais 15 apartments, acquired at public auction €10M €7M
Alenquer SchemeAlenquer Affordable housing, 65 units €12M €8M
Aggregate completed track record€100M€58M
GDV means gross development value at completion. Capital deployed includes equity and debt.
TRACK-RECORD

Completed investments

GDV Capital deployed
Luxury Villas
€14M€11M
Six-building scheme
€25M€14M
Avenidas Novas
€11M€8M
Apart Hotel
€10M€5M
Student Residence
€18M€5M
Estoril Building
€10M€7M
Alenquer Scheme
€12M€8M
Aggregate €100M GDV
€58M capital deployed
Request information →
International participation

Brazil Affordable
Housing Program

(“Minha Casa Minha Vida”)

Equity participation through a daughter company in Brasil, fully owned by Leblon Capital Group.
MLF is an established developer partner in Brasil.

140+ Homes delivered
R$22M Realized VGV
c. 300 Homes in pipeline
c. R$46M Potential VGV
Residential developments in Brazil
Selected imagery

Real estate.
Built environments.

A selection of project imagery from Leblon Capital's real estate activity in Portugal.

Selected project image 1
Selected project image 2
Selected project image 3
Selected project image 4
Selected project image 5
Selected project image 6
Selected project image 7
Current development

Terramare
Cascais

Five villas in Malveira da Serra, between the Sintra-Cascais Natural Park and the Atlantic coast.

LocationMalveira da Serra, Cascais
Product5 exclusive villas
Gross area2,100 m²
TypologyFive V4 villas · private pools
Terramare Terramare Terramare
Pipeline · Northern Portugal

A hospitality concept is taking shape in the Alto Minho.

A boutique retreat under advanced evaluation in Vila Nova de Cerveira, conceived around destination wellness, gastronomy, nature, the Rio Minho and Cerveira’s artistic identity.

c. €20M total investment
Boutique Hospitality Destination Wellness Fine Dining Rio Minho Art & Nature
Explore the concept →
Alto Minho hospitality concept overlooking the Rio Minho
Real site context · Project under advanced evaluation Alto Minho Hospitality Concept Vila Nova de Cerveira · Portugal
Research & Market Intelligence

Independent perspectives on the Portuguese real estate market.

Selected third-party research, transaction data and industry commentary relevant to Leblon Capital’s investment and development activity.

Research

Portugal real estate outlook

Selected market reports from leading real estate advisers and research platforms.

Residential

Lisbon & Cascais

Residential pricing, demand, supply and transaction commentary relevant to our core markets.

Data & Commentary

Market developments

Independent analysis and selected news affecting real estate investment and development in Portugal.

Explore Market Intelligence →

Investment approach

A defined process from entry to exit.

Acquisition, licensing, construction, financing and exit risk are assessed before capital is committed. The objective is to identify and price development risk explicitly.

01

Source

Identify assets where planning status, demand and development potential can be assessed with sufficient clarity.

02

Underwrite

Assess achievable pricing, sales velocity, carrying costs, financing requirements and downside scenarios.

03

Develop

Manage design, licensing, procurement and construction through a dedicated project vehicle.

04

Exit

Define the disposal route before acquisition and manage execution against it through completion.

Investor relations & enquiries

Contact Leblon Capital

For project, financing, investment or corporate enquiries, contact the firm directly.

Emailadmin@lebloncapital.pt
OfficeCascais, Portugal
EntityLeblon Capital Lda
Important
Nothing on this website is an offer to sell, or a solicitation of an offer to buy, any security, participation or interest in any vehicle promoted or managed by Leblon Capital Lda. Gross development value, invested capital and any stated return objective describe completed projects or present intentions; they are estimates at the date shown, they are not guarantees, and past results do not indicate future results. Development carries licensing, construction cost, financing and absorption risk, and an investor may lose part or all of the capital committed. Any investment is made solely on the terms of the executed documentation of the relevant vehicle.