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“One of France’s richest men” invests heavily in Portugal

“One of France’s richest men” invests heavily in Portugal

His name is Claude Berda. He is described as “one of the richest men in France” and he is investing heavily in Portuguese real estate.

According to Expresso, Berda’s representative José Cardoso Botelho “who has created Vanguard Properties” means to plough €300 million into four properties in Lisbon and two tourist complexes – one in Porches, in the Algarve and another in Comporta (near Tróia).

Investments for now are focused on the luxury end of the market, says the paper, though plans for the future extend to the “very lucrative activities” of youth hostels and co-working centres.

Read more in the Algarve Resident