LEBLON CAPITAL
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.
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
Investor materials
Track record
Seven completed positions across residential, student accommodation and hospitality. Figures below are rounded to the nearest million.
| Project | Programme | GDV | Capital 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 | |
Completed investments, presented line by line.
The track record is intended to provide banks, investors and counterparties with a concise view of completed project activity.
Terramare
Cascais
Five villas in Malveira da Serra, between the Sintra-Cascais Natural Park and the Atlantic coast.
A new project is entering the pipeline.
A further development opportunity is currently being prepared for inclusion in the Leblon Capital pipeline. Project information will be added once the investment and development materials are finalised.
Next development
No project details are published yet. This section is deliberately reserved for the next pipeline asset.
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.
Source
Identify assets where planning status, demand and development potential can be assessed with sufficient clarity.
Underwrite
Assess achievable pricing, sales velocity, carrying costs, financing requirements and downside scenarios.
Develop
Manage design, licensing, procurement and construction through a dedicated project vehicle.
Exit
Define the disposal route before acquisition and manage execution against it through completion.
Contact Leblon Capital
For project, financing, investment or corporate enquiries, contact the firm directly.