Vanguard and Portugal Ventures sign a partnership to explore opportunities for innovation in the real estate sector in Portugal.

Vanguard Properties and Portugal Ventures recently signed an agreement which aims to forge strategic relations between both entities. The main goal of this partnership is to foster and encourage commercial opportunities from investment and network cooperation for the companies in the Portugal Ventures portfolio, providing real opportunities for open innovation for Vanguard Properties.

The synergies necessary to add value will be established both in terms of Vanguard Properties and the activities of companies within the Portugal Ventures portfolio, paving the way for the testing of new disruptive technologies in the service of one of the most dynamic sectors of the Portuguese economy.  The expectation from this new partnership is to leverage the creation of new products and services for the real estate market, develop more efficient processes and provide the opportunity for new value chains to be created.

According to José Cardoso Botelho, CEO of Vanguard Properties, “this agreement enables us to have a closer relationship with the entrepreneurial ecosystem and define and create better business opportunities for innovation in Portugal. The investment that we have made in the innovation and technology area has enabled us to position ourselves as one of the references in the sector, and we are quite enthusiastic about sharing this know-how and experience, as well as supporting projects which, apart from presenting new concepts and solutions for the market and challenging pre-existing business models, can grow our own areas of business”.

Teresa Fiúza, Vice-President of Portugal Ventures stresses that “this is the first corporate partnership that we have made with a real estate operator in Portugal. We are incredibly pleased to work side-by-side with Vanguard Properties, one of the operators of reference in the market and has a position of leadership and excellence. We are certain that together we can change the Portuguese real estate sector with solutions that are technologically disruptive and differentiating”. 

Vanguard Properties is the leading luxury real estate developer in Portugal. Setting up in 2016, Vanguard Properties has iconic residential and tourism projects in Lisbon, Oeiras, Comporta and the Algarve, and is currently developing ‘Terras da Comporta.” With 22 projects, Vanguard Properties’ investment in Portugal stands at around 1.2 billion euros corresponding to a gross construction area of 1,024,781m2.

Portugal Ventures, a venture capital company which is part of the development bank company Grupo Banco Português de Fomento, it currently has 254 million euros under management and 140 companies in portfolio.      Portugal Ventures invests in start-ups that create innovative solutions with the capacity to internationalise in areas such as Digital & Technology, Industry & Technology, Health Technologies and Tourism in pre-seed and series A phases. Since 2012, Portugal Ventures has now invested 177 million euros in over 180 new companies.