Dils and QP Savills have successfully concluded the sale of The Shore, a premium tourist and residential development comprising 42 apartments and three plots for private villas, located in Vale do Garrão, at the heart of the Algarve’s prestigious Golden Triangle.
Appointed by Vanguard Properties, Dils and QP Savills jointly advised on the transaction, which has now closed with the acquisition of the project. This operation is part of Vanguard Properties’ portfolio management and optimisation plan, which includes the sale of tourism assets and a focus on key residential projects.
Situated just five minutes from the beach and perfectly positioned between Quinta do Lago and Vale do Lobo, The Shore combines exceptional design with one of the most desirable addresses in southern Portugal. The existing building holds full planning approval for conversion into an exclusive complex of 19 tourist apartments of varying layouts – from one to four bedrooms – each featuring private terraces and high-quality finishes.
“Our focus was on maximising the value of this unique Algarve asset by identifying its full potential and positioning it within a highly competitive investment process,” said Gonçalo Santos, Head of Development at Living and Capital Solutions.
“From the outset, the strategy was to align The Shore with investors focused on the Algarve’s luxury tourism and residential real-estate sectors. The strong traction confirms continued investor appetite for this class of asset,” added Gonçalo Ponces, Head of Hospitality, Living and Natural Capital at Dils.
The three adjoining plots also benefit from approved architectural projects for independent premium villas, ranging in size from 98 m² to 461 m² and offering between one and five bedrooms.
Designed by Saraiva + Associados, the projects have construction permits ready to be issued. Located in one of Europe’s most exclusive resort regions – framed by world-class golf courses, pristine beaches, and the natural beauty of the Ria Formosa – the project offers the perfect balance of privacy, accessibility and lifestyle appeal.
“The Shore perfectly exemplifies how the Algarve continues to strengthen its reputation as a premier destination for investment in tourism and high-quality, value-added residential projects,” said Susana Rodas, General Manager at QP Savills. “Our collaboration with Dils was an exciting opportunity that challenged our ability to identify the ideal developer for such a unique and distinguished asset.”
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