Bids reach €156 million for Comporta resort

Three investors are bidding for Herdade de Comporta, the Espírito Santo Group owned resort now in the hands of receivers.

Interested parties include a consortium made up of Vanguard Properties and Paula Amorim, the UK holding Oakvest, and French aristocrat Louis-Albert de Broglie.

The Comporta stakeholders assembly will vote on 27 July on the three purchase bids received in recent months.

The weekend newspaper Expresso divulged over the weekend that the bidding war is likely to be down to two proposals offering very similar offsets, both bids in the region of €156 million.

There are three proposals on the table. One is from Vanguard Properties owned by French multi-millionaire Claude Berda who has joined forces with Portuguese fund manager Paula Amorim. The second is from the holding Oakvest owned by UK businessman Mark Holyoake in a joint venture with the Carvalho Martins family (owners of the Portugália steak house restaurants), while the third is from the French aristocrat Louis-Albert de Broglie. 

According to Expresso the Broglie offer is the only cash offer with €115 million upfront, while Oakvest and Portugália are prepared to stump up €155.9 million divided between a cheque for €36.5 million while taking on Herdade da Comporta’s €119.4 million debt from Caixa Geral de Depósitos.