a second life
for underrated
properties
GET IN TOUCH
I
c
R
E
A
T
E
D
T
H
I
S
B
O
U
T
I
Q
U
E
c
O
M
P
A
N
Y
T
O
G
I
V
E
A
S
E
C
O
N
D
L
I
F
E
T
O
U
N
D
E
R
R
A
T
E
D
P
R
O
P
E
R
T
I
E
S
:
O
L
D
R
U
I
N
S
,
D
A
M
A
G
E
D
A
P
A
R
T
M
E
N
T
S
,
A
N
D
H
O
U
S
E
S
,
W
H
I
C
H
A
R
E
L
e
F
T
A
S
“
G
H
O
S
T
S
”
A
F
T
E
R
B
R
E
A
K
U
P
S
O
R
D
E
A
T
H
S
.
I
c
R
E
A
T
E
D
T
H
I
S
B
O
U
T
I
Q
U
E
c
O
M
P
A
N
Y
T
O
G
I
V
E
A
S
E
C
O
N
D
L
I
F
E
T
O
U
N
D
E
R
R
A
T
E
D
P
R
O
P
E
R
T
I
E
S
:
O
L
D
R
U
I
N
S
,
D
A
M
A
G
E
D
A
P
A
R
T
M
E
N
T
S
,
A
N
D
H
O
U
S
E
S
,
W
H
I
C
H
A
R
E
L
e
F
T
A
S
“
G
H
O
S
T
S
”
A
F
T
E
R
B
R
E
A
K
U
P
S
O
R
D
E
A
T
H
S
.
What we do
We believe in small actions that make the world better. Instead of building new, we save what's already there — rescuing properties left outside the market and bringing them back to life.
Who we are
A small team of constructors, real estate agents, and investors — always looking for partners to join the journey, financially or otherwise.
OLD EDITION
Some houses were built to last two hundred years and have managed a hundred and eighty of them. Stone walls a metre thick. Chestnut beams cut from trees that no longer exist at that size. Granite lintels, azulejo, lime plaster that breathes.
You cannot buy these materials new. You can only fail to lose them.Old Edition is our heritage work — properties where the original fabric is worth more than anything we could put in its place. The approach is different here. Slower, more expensive per square metre, and more conservative: we repair before we replace, we match materials rather than approximate them, and we work with trades who know lime mortar from cement.
You cannot buy these materials new. You can only fail to lose them.Old Edition is our heritage work — properties where the original fabric is worth more than anything we could put in its place. The approach is different here. Slower, more expensive per square metre, and more conservative: we repair before we replace, we match materials rather than approximate them, and we work with trades who know lime mortar from cement.
GET IN TOUCH
GHOST BUILDINGS
Drive through almost any town in Portugal and you’ll pass them. Shutters closed for fifteen years. A tree growing through the roof of a house on the main square. Post still arriving for someone who died in 2011.They are not derelict because they’re worthless.
They’re derelict because they’re complicated — an inheritance split between nine cousins across three countries, an owner who emigrated and never came back, a family who couldn’t agree and so did nothing for a decade. The building outlasted the argument.
They’re derelict because they’re complicated — an inheritance split between nine cousins across three countries, an owner who emigrated and never came back, a family who couldn’t agree and so did nothing for a decade. The building outlasted the argument.
GET IN TOUCH
HOW WE WORK
1
We find it
Off-market, mostly — through local agents, notaries, and word of mouth in the towns we work in.
2
We assess it
Structural survey, legal check on title and inheritance status, and a full cost scope before anything is committed. Old Portuguese property frequently comes with complicated ownership. We resolve that before we buy, not after.
3
We restore it
Fixed scope, fixed schedule, our own trades.Partners receive progress reporting with photography.
4
We exit
Sale or rental, agreed with partners at the outset.
PROJECTS
Every project starts the same way: a property nobody
wanted, and a question about what it could be.
S
O
M
E
W
E
R
E
S
T
O
R
E
A
N
D
S
E
L
L.
S
O
M
E
W
E
H
O
L
D.
W
H
A
T
T
H
e
y
S
H
A
R
e
I
S
T
H
A
T
N
O
N
E
O
F
T
H
e
M
W
E
R
E
O
B
V
I
O
U
S.
B
E
L
O
W
I
S
W
H
A
T
W
E`
V
E
D
O
N
E
S
O
F
A
R.
PROJECTS
Every project starts the same way: a property nobody wanted, and a question about what it could be.
S
O
M
E
W
E
R
E
S
T
O
R
E
A
N
D
S
E
L
L.
S
O
M
E
W
E
H
O
L
D.
W
H
A
T
T
H
e
y
S
H
A
R
e
I
S
T
H
A
T
N
O
N
E
O
F
T
H
e
M
W
E
R
E
O
B
V
I
O
U
S.
B
E
L
O
W
I
S
W
H
A
T
W
E`
V
E
D
O
N
E
S
O
F
A
R.
PROJECTS
Every project starts the same way: a property nobody wanted, and a question about what it could be.
S
O
M
E
W
E
R
E
S
T
O
R
E
A
N
D
S
E
L
L.
S
O
M
E
W
E
H
O
L
D.
W
H
A
T
T
H
e
y
S
H
A
R
e
I
S
T
H
A
T
N
O
N
E
O
F
T
H
e
M
W
E
R
E
O
B
V
I
O
U
S.
B
E
L
O
W
I
S
W
H
A
T
W
E`
V
E
D
O
N
E
S
O
F
A
R.
pROJECT 1
.webp)
.webp)
.webp)
pROJECT 2
.webp)
.webp)
pROJECT 3
.webp)
.webp)
.webp)
.webp)
pROJECT 4
.webp)
.webp)
.webp)
pROJECT 5
JOIN US
We're always looking for people to join the work —
A
S
I
N
V
E
S
T
O
R
S,
A
S
P
A
R
T
N
E
R
S,
O
R
A
S
T
R
A
D
E
S
W
H
O
C
A
R
E
A
B
O
U
T
D
O
I
N
G
I
T
P
R
O
P
E
R
L
Y
JOIN US
We're always looking for people to join the work —
A
S
I
N
V
E
S
T
O
R
S,
A
S
P
A
R
T
N
E
R
S,
O
R
A
S
T
R
A
D
E
S
W
H
O
C
A
R
E
A
B
O
U
T
D
O
I
N
G
I
T
P
R
O
P
E
R
L
Y
partners & trades
there's always a way to make a difference with us
GET IN TOUCH
own a property like this?
no obligation — we'll tell you honestly, even when the answer is no
GET IN TOUCH
become an investor
a small number of partners, project by project
GET IN TOUCH
become an investor
We don't publish target returns, because a number on a website tells you nothing about a specific building
R
e
s
t
o
r
a
t
i
o
n
r
i
s
k —
c
a
r
r
i
e
s
r
e
a
l
o
f
c
o
s
t
o
v
e
r
r
u
n,
o
f
d
e
l
a
y,
a
n
d
o
f
l
o
s
s.
W
e`
d
r
a
t
h
e
r
s
h
o
w
y
o
u
t
h
e
a
c
t
u
a
l
n
u
m
b
e
r
s
o
n
a
n
a
c
t
u
a
l
p
r
o
p
e
r
t
y
R
e
s
t
o
r
a
t
i
o
n
c
a
r
r
i
e
s
r
e
a
l
r
i
s
k —
o
f
c
o
s
t
o
v
e
r
r
u
n,
o
f
d
e
l
a
y,
a
n
d
o
f
l
o
s
s.
W
e`
d
r
a
t
h
e
r
s
h
o
w
y
o
u
t
h
e
a
c
t
u
a
l
n
u
m
b
e
r
s
o
n
a
n
a
c
t
u
a
l
p
r
o
p
e
r
t
y
become an investor
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.