Amorim/Vanguard frontrunners for Comporta

The consortium comprising Paula Amorim and Vanguard Properties looks likely to be the next owner/developers of Herdade da Comporta.

 

One of the withdrawing consortium candidates, Victor de Broglie and Global Asset Capital Europe  has hinted that the process is not being carried out in a “transparent and professional” manner.

 

The consortium likely to win has already employed a team of assessors to carry out due diligence made up of Cushman & Wakefield (Property) and consultants KPMG and EY. The lawyers André Luiz Gomes, José Franqueira Dias and Francisco Cortez from law firm Morais Leitão have also been contracted.

 

According to the daily business newspaper Jornal Ecónomico the only consortium that will deliver a binding proposal with proof of funds and a project that is both environmentally and economically sustainable for the Herdade Comporta on 20 September is the consortium made up of Amorim Luxury (owned by Paula Amorim) and Vanguard Properties owned by Claude Berda and Port Noir.

 

At the same time, the Amorim Luxury/Vanguard Properties project for Comporta is preparing an environmental and sustainability project for the resort which according to news on Linkedin will “bring countless innovations and other features to the project which will be backed up by the best scientific practices.”

On the same day the two other consortia that had presented proposals for the competitive tender informed  Deloitte which is running the competition that it would be impossible to offer tenders in the new competition.

 

It means that the consortium comprising British entrepreneurs Mark Holyoake and Anton Bilton and Portuguese group Portugália (Oakvest/Portugália/Sabina Estates) is out of the running.

 

Out too is the consortium made up of Victor de Broglie and Global Asset Capital Europe which stated that since it didn’t have access to the Comporta “data room” it didn’t have the time (8 working days) to carry out the due diligence (legal, tax and financial) in the minimum conditions of transparency, legality and professionalism typical for an operation of this nature and scope.”