Track Record
activeCo-Investment / Real Estate (Distressed)2022 – PresentAlgarve, Portugal

Quinta do Lago

Structure
Co-Investment
Sponsor
SPX Capital
Asset Type
Resort / Gated Community
Units
63 retrofit + 35 new

Overview

Premium gated community and golf resort in the Algarve region of southern Portugal. We partnered with SPX Capital for a co-investment deal and acquired a stake at Quinta do Lago developments. It was a combination of value-add from an opportunistic distressed acquisition. The Sponsor is retrofitting 63 luxury houses, 35 new developments and coordinating hospitality management.

Investment Thesis

Co-investment alongside SPX Capital to acquire a strategic stake at an attractive basis through a distressed special situation. The thesis centers on Algarve's structural appeal as a European destination of choice — favorable tax regime (NHR), flight connectivity to major EU cities, and a constrained supply of premium resort-residential assets driving sustained pricing power. The value-add plan includes retrofitting existing luxury houses and new development.

Outcome & Status

Active investment. The Sponsor is executing on the retrofitting of 63 luxury houses and 35 new developments, while coordinating hospitality management across the property.