About us

Screenproject Lda. is dedicated to creating real estate investment opportunities with strong value appreciation potential.

We operate under an integrated model that combines:
• Asset identification
• Investment structuring
• Project execution and management

All investments are carried out through regulated vehicles, ensuring:
• Legal security
• Transparency
• Regulatory oversight

We position ourselves as a strategic partner for investors seeking exposure to the Portuguese real estate market through a professional and structured approach.

SCREENPROJECT

Screenproject Lda. is a real estate investment platform focused on identifying, structuring, and executing value-add opportunities in Portugal.

We operate in partnership with a management company certified by the CMVM, ensuring that all investments are carried out through regulated vehicles, with a high level of transparency and institutional framework.

We combine:
• Direct sourcing of market opportunities
• Rigorous risk and return analysis
• Specialized local execution

Our objective is simple: to transform undervalued assets into investments with consistent and controlled returns.

This closed-end real estate investment fund has a size of €100,000,000 and a term of 10 years.o mercado imobiliário português com uma abordagem profissional e estruturada.

STRATEGY

Value-Add Approach

We invest in assets with transformation potential through:

Development
Refurbishment
Repositioning

Investment Criteria

Locations with sustained demand
Undervalued or inefficient assets
Clear value appreciation potential
Exit liquidity

Investment Horizon

Short to medium term: 2–5 years

Objective

To maximize returns through active management, cost control, and efficient execution.

INVESTMENT STRUCTURE

Investment Vehicles

Closed-End Real Estate Investment Funds (FII)
• Regulated structure
• Defined investment horizon
• Professional management
• Participation through fund units

Real Estate SICs
• Flexible corporate structure
• Suitable for sophisticated investors
• Tax and operational efficiency

Management
All vehicles are managed by a management company certified by the CMVM, ensuring:
• Regulatory supervision
• Governance
• Transparency

Investor Advantages
• Legal security
• Institutional structure
• Access to exclusive opportunities
• Tax efficiency

INVESTORS

Investment Opportunities in Portugal
We provide access to structured real estate projects with a focus on asset value appreciation.

Investor Profile
• Private investors
• Family offices
• Institutional investors
• International investors

Participation Model
• Subscription in FII or SIC vehicles
• Project-based participation
• Defined investment horizon

Returns
• Target IRR between 15%–20% per annum
• Dependent on the strategy and project profile

Investment Process

Opportunity presentation
Subscription
Project execution
Exit
Distribution of returns

Reporting
• Full transparency
• Periodic reports
• Ongoing monitoring

PERMITS VERIFIED INDEPENDENTLY

Permissions are secured: when we select an asset, one of the criteria is full and unconditional permission to obtain the licensing, which in the country can be obtained quickly through Simplex, a government measure that allows construction to begin 30 days after the submission of the architectural and specialties project, a process known as prior communication. This premise holds true when the land is urban: we select only urban land in areas with assured demand.

Item	Description
Land assets	Acquired or under exclusivity in areas with confirmed residential development zoning (REN/RAN-free, PDM-compliant), meaning development is legally permissible. Full building licenses (licenças de construção) have not yet been issued, as these are submitted post-acquisition upon completion of architectural projects.
Building rehabilitation assets	Existing buildings in consolidated urban areas benefitting from simplified licensing under RJUE (Regime Jurídico da Urbanização e Edificação), specifically Article 6 simplified procedures for rehabilitation works. Preliminary municipal contacts have been made
Building rehabilitation assets	Key legal point: In Portugal, a favorable PIP decision (Article 14, RJUE) binds the municipality for one year and provides the strongest legally available pre-construction permitting certainty short of the building license itself. It is standard market practice for developers to acquire land at this stage.

The Due Diligence will be carried out on a Legal, Technical and City Council level, in due course by independent and credible companies. This Due Diligence is integrated into the acquisition process to be carried out/supervised by the management company certified by the national regulator (CMVM); in this acquisition process, it is legally mandatory to have a valuation by a certified appraiser.

Business cycle and IRR

Business cycle: 2 years

Annual fund return (IRR) is 16% to 20%; meaning the ROI at the end of each 2-year cycle is 32% to 44%.

ITHE SPONSOR OF THE FUND

The Sponsor of this fund is a consortium formed by Screenproject Lda + one main national construction company in the residential sector, with extensive experience and credibility in Portugal, which information will be provided to you in due course.

THE MAIN DIFFERENCES BETWEEN THE PRINCIPLES OF A REIT VERSUS A REIF

Provincial securities commissions

Key Characteristics	Canadian REIT	REIF – Portuguese Closed-End Fund
Land assets	Publicly listed trust (TSX)	Collective investment fund (OIC)
Building rehabilitation assets
CMVM (Law 16/2015 — RGOIC)
Liquidity	High — daily trading	At the end of each 2-year cycle
Investment horizon	Flexible (short to long)	Long term (7–15 years)
Typical investor	Retail + institutional	Institutional / HNWI
Mandatory depositary	No	Yes (licensed bank)
Mandatory Management Company	No	Yes, the management company certified by the Portuguese Securities Market Commission (CMVM) (licensed). The goal is to guarantee transparency and security for investors.
Min. distribution	90% of taxable income (legal)	Defined in fund regulations

Provincial securities commissions

Key Characteristics	Canadian REIT	REIF – Portuguese Closed-End Fund
Land assets	Publicly listed trust (TSX)	Collective investment fund (OIC)
Building rehabilitation assets
CMVM (Law 16/2015 — RGOIC)
Liquidity	High — daily trading	At the end of each 2-year cycle
Investment horizon	Flexible (short to long)	Long term (7–15 years)
Typical investor	Retail + institutional	Institutional / HNWI
Mandatory depositary	No	Yes (licensed bank)
Mandatory Management Company	No	Yes, the management company certified by the Portuguese Securities Market Commission (CMVM) (licensed). The goal is to guarantee transparency and security for investors.
Min. distribution	90% of taxable income (legal)	Defined in fund regulations

Projetos

Atualmente com múltiplas oportunidades em fase de estruturação em:

Lisboa
Porto
Área Metropolitana