Services
Investment
Most of what is presented as investment begins with a listing and ends with a yield. I work the other way round: from your return criteria, your risk profile and the holding horizon you have set, to the asset, and only then to the numbers.
Each asset is analysed on its own economics: expected return, IRR and, for development projects, the projected realisation value. I work from realistic scenarios rather than sales assumptions: actual rents, vacancy periods, construction costs and exit strategies that hold.
“
Where urgency tends to enter, I bring method. Where instinct tends to govern, I bring the numbers.
HHORAS — Investment Advisory
How I Work
01
Underwriting, not estimating
Each asset is modelled on its own economics — the minimum return you have set, the cost of acquisition, construction or refurbishment, the running costs, the financing and the exit scenarios. The decision rests on economic viability, never on optimistic assumptions.
02
Structure & risk, found early
Legal structure, tax treatment, financing, licensing and planning constraints are all checked before any offer is made. Whatever does not stand up is identified before it becomes a risk.
03
Value, quantified
The distance between the asking price and the value of the asset can come from location, from licensing, from the structure of the deal or from market conditions. That difference is quantified, not presumed.
04
Exit, decided before entry
Resale, holding or income generation: the exit is defined before the acquisition, because each strategy calls for different criteria from the outset.
Method in Action
Reading what the market is actually telling you
A property can draw steady interest and still receive no offers. When that happens, the cause is rarely price or visibility — it is buyer-profile fit and transaction friction. On a recent Lisbon mandate, consistent feedback from qualified international buyers showed the obstacle was not the scope of works but the months of unavailability during them; ready-to-use alternatives existed at the same price. The recommendation was not to wait and hope — it was to reprice on evidence, deliberately, while it still read as strategy.
Adjusting on data today is control; adjusting under pressure in six months is the same decision, at a lower number.
That is the work: not waiting for the market, but reading it and acting before it acts on you.
Investment Opportunities
InvestmentBom Sucesso, Porto
BOM SUCESSO TRADE CENTER - PORTO
1036 m²
€ 2 100 000
InvestmentPampilheira, Cascais
CASCAIS
283.5 m²
€ 340 000
InvestmentSagres, Algarve
SAGRES
12000 m²
€ 2 500 000
InvestmentSão Bento, Lisbon
SÃO BENTO
39 m²
€ 280 000
Cannot find the asset you are looking for?
Some opportunities are not publicly advertised. Contact me and set out the criteria of your search. Whenever a matching mandate arises, I will be in touch.
Get in touch