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.”
About Dils
Dils is one of Europe’s leading real estate companies, headquartered in Milan, driving the transformation of the sector through innovation, digitalisation, and a strong people-centered vision. With a multidisciplinary team and operations in Italy, Portugal, Spain, and the Netherlands, Dils provides integrated services across all sectors - including offices, retail, logistics, hospitality, and residential.
Combining local expertise with an international perspective, Dils is redefining the role of real estate advisors by placing creativity, sustainability, and technology at the heart of every project. The company is committed to generating long-term value for clients, communities, and the urban fabric.
In Portugal, Dils entered the market in June 2024 through the acquisition of Castelhana. It now operates with a highly experienced team led by Pedro Lancastre (CEO), Patrícia Barão (Partner, Residential Division), and Fernando Ferreira (Partner, Commercial Division), with the goal of expanding the brand’s presence and driving change in the residential and commercial sectors.
Dils Contacts:
Maria Diniz Gamboa | E-mail: maria.gamboa@wisdom.com.pt | Tel.: +351 915 777 277
Andreia Valentim | E-mail: andreia.valentim@wisdom.com.pt | Tel.: +351 912 789 021
Leonor Baioneta | E-mail: leonor.baioneta@wisdom.com.pt | Tel.: +351 965 630 898
About QP Savills
QP Savills is the Algarve’s leading luxury real-estate agency, specialising in Quinta do Lago, Vale do Lobo, Loulé and the surrounding areas. With more than 25 years of experience and over €2 billion in local property sales, the company is renowned for its market expertise, professional integrity and personalised client service.
As the exclusive Savills associate for the Algarve, QP Savills connects discerning international buyers and investors to a global network of more than 700 offices across 70 countries. The company’s mission is to provide a world-class real estate experience, combining global reach with local insight.
QP Savills Contacts:
Amy Kerins | E-mail: amy@qp.pt | Tel.: +351 914 251 873
Susana Rodas | E-mail: susanarodas@qp.pt | Tel.: +351 913 600 589
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