SO, WHY ?

Portugal is a peaceful, secure, well- Having rebounded more vigorously from the governed democracy with beautiful 2008 Global Financial Crisis than any of its landscapes and a temperate climate. Mediterranean cousins, Portugal has established itself as a consolidated and well-regulated destination, much sought-after by investors from Until recent years a relative backwater compared around the world. to its larger neighbours, Portugal provides easy access to anywhere in Europe, yet is unaffected by Several factors were responsible for placing the political and economic storms battering Spain, Portugal on the investor radar including favourable Italy, France, Greece and Turkey. economic growth, security, a solid real estate market, exceptional growth in tourism and higher Its efficient, investment-friendly government levels of profitability than most comparable has put intelligent policies in place to attract markets. wealth and skills into a relatively underpopulated country by current European standards and with A variety of factors including the country’s rich a very low population growth rate. The country and diverse culture coupled with the comfortable has a population of less than 11 million people, an Mediterranean climate, safe and secure living extremely low population growth and a GDP per conditions and a variety of attractive incentives capita of $28 000. on offer to foreign investors, all contribute to a quality of life that is driving ongoing interest in • 4th most peaceful country in the world this market from investors in Europe, Asia and the • Best Country in Europe for expats to live in Americas. • Rated ‘Best Euroean Destination 2018’ by USA Today • Rated no. 20 in the world for ‘best quality of life’ in 2018 • 73% of Portuguese are ‘satisfied with their living conditions’ • Tourism grew more than 44% from 2013 to 2017 • Tourism revenue grew more than 64% in the same period An offshore investment opportunity offering Financial benefits high yield, capitalSO, growth WHY andPORTUGAL? guaranteed ROI. 1. High-yielding investment in a directly owned and controlled asset AndPortugal the is option a peaceful, ofsecure, EU well- residency!Having rebounded more vigorously from the governed democracy with beautiful 2008 Global Financial2. StrongCrisis than capital any of growth its landscapes and a temperate climate. Mediterranean cousins, Portugal has established itself as a consolidatedpot andential well-regulatedin this same destination, much sought-afterasset by investors from Until recent years a relative backwater compared around the world. to its larger neighbours, Portugal provides easy access to anywhere in Europe, yet is unaffected by Several factors wereFamily responsible benefits for placing the political and economic storms battering Spain, Portugal on the investor radar including favourable Italy, France, Greece and Turkey. economic growth, security, a solid real estate market, exceptional3. growth Access in tourism to European and higher Its efficient, investment-friendly government levels of profitability thanresidency most comparable and citizenship has put intelligent policies in place to attract markets. wealth and skills into a relatively underpopulated 4. Access to world-class country by current European standards and with A variety of factors including the country’s rich a very low population growth rate. The country and diverse culture couplededuca withtional the andcomfortable health- has a population of less than 11 million people, an Mediterranean climate,care safe facilitiesand secure living extremely low population growth and a GDP per conditions and a variety of attractive incentives capita of $28 000. on offer to foreign investors, all contribute to a quality of life that isTerms drivingand ongoing conditions interest inapply . • 4th most peaceful country in the world this market from investors in Europe, Asia and the • Best Country in Europe for expats to live in Americas. • Rated ‘Best Euroean Destination 2018’ by USA Today • Rated no. 20 in the world for ‘best quality of life’ in 2018 • 73% of Portuguese are ‘satisfied with their living conditions’ • Tourism grew more than 44% from 2013 to 2017 • Tourism revenue grew more than 64% in the same period

Go to: www.lxliving.com/investment/

2 A COMPELLING INVESTMENT PROPOSITION

• 4% rental guarantee for the first two years*

•Easy access to end-user finance at an interest rate of under 2%*

• Loan-to-value finance of up to 75%*

•Pre-tax leveraged yields in excess of 8%*

•Option of a Golden Visa for all investments of € 500 000 and above

• A ‘one-stop shop’ of legal and financial services

* Terms and conditions apply.

Go to: www.lxliving.com/investment/ 3 A site plan shaped like a modernist griffin, mythical protector of wealth and treasure. 4 INVEST OFFSHORE, OF COURSE. BUT WHY IN PORTUGAL?

Portugal is a peaceful, secure, well- Having rebounded more vigorously from the governed democracy with beautiful 2008 Global Financial Crisis than any of its landscapes and a temperate climate. Mediterranean cousins, Portugal has established itself as a consolidated and well-regulated destination, much sought-after by investors from Until recent years a relative backwater compared around the world. to its larger neighbours, Portugal provides easy access to anywhere in Europe, yet is unaffected Several factors were responsible for placing by the political and economic storms battering Portugal on the investor radar including Spain, Italy, France, Greece and Turkey. favourable economic growth, security, a solid real estate market, exceptional growth in tourism Its efficient, investment-friendly government and higher levels of profitability than most has put intelligent policies in place to attract comparable markets. wealth and skills into a relatively underpopulated country by current European standards and with A variety of factors including the country’s rich a very low population growth rate. The country and diverse culture coupled with the comfortable has a population of less than 11 million people, an Mediterranean climate, safe and secure living extremely low population growth and a GDP per conditions and a variety of attractive incentives capita of $28 000. on offer to foreign investors, all contribute to a quality of life that is driving ongoing interest in • 4th most peaceful country in the world this market from investors in Europe, Asia and • Best Country in Europe for expats to live in the Americas. • Rated ‘Best European Destination 2018’ by USA Today • Rated no. 20 in the world for ‘best quality of life’ in 2018 • 73% of Portuguese are ‘satisfied with their living conditions’ • Tourism grew more than 44% from 2013 to 2017 • Tourism revenue grew more than 64% in the same period Go to: www.lxliving.com/the-country/

5 The famous is just five minutes walk from the site. 6 AND THE PORTUGUESE REAL ESTATE MARKET?

‘The Portuguese real estate market is currently ‘ is this year’s choice for overall prospects. thriving on the back of good economic Interviewees cite the city’s “quality of life” and fundamentals, political stability and a firm “positive leadership”. position on the radar of foreign investors. ‘Portugal’s economy is growing at a healthy clip, ‘As a result, rents have increased and and its capital (Lisbon) is now an international destination for companies, investors and tourists. yields have compressed, increasing It’s on everyone’s platter of cities they like.’ asset value and the respective return for investors, increasing market liquidity.’

JLL Market 360 Report, 2018/19

A 2018 published report on the European real estate market by PricewaterhouseCoopers makes the following assessment:

‘With some of Europe’s major markets judged to be peaking, attention is shifting to smaller, dynamic cities: It’s not just about investing in London, Paris, Frankfurt and Amsterdam. There can be a whole second tier of cities that win on a number of different measures.

Go to: www.lxliving.com/the-city/

7 THE OPPORTUNITY

LX Living is a ninety million euro mixed- The mix of the 150 apartments has been use development in Amoreiras, a prime determined in accordance with market demand location in the heart of the Lisbon’s and encompasses a range of units from studio gracious, spacious CBD. apartments to 1, 2, 3 and 4-bedroom units. The smaller units are primarily aimed at the foreign The site provides for 26 672 square metres of gross investor and hospitality market whilst the larger construction area and will result in a ground-up apartments are aimed at the consumer market development consisting of: consisting of families (Portuguese and other) seeking permanent accommodation in the city. • 150 apartments in two separate buildings • the main building will have seven storeys above ground • the smaller building will have three storeys above ground • there will be 1 341sqm of ground-floor retail space • a landscaped internal courtyard • a super basement with 191 parking spaces on four levels

Go to: www.lxliving.com/price-list/

8 THE AREA

LX Living is situated in a prime, central It is even closer to the Edward VII Botanical Garden, Lisbon location: the suburb of Amoreiras, and to Lisbon’s amazing Monsanto Forest Park, which one of the most sought-after residential is three times bigger than New York’s Central Park! neighbourhoods of the city. Named after its From this central and convenient location, it’s an groves of mulberry trees, it straddles the easy walk to the neighbouring areas: highest of Lisbon’s hills. In fact, the very highest point in the city, the Amoreiras • Rato and Principe Real, the city’s hipster districts 360° Panoramic View, is less than 100 • Baixa and , Lisbon’s main tourist centres metres from the site. • , her nightlife centre

The area is particularly popular because of its Historic areas like are also close by, as is the extremely central and highly convenient location, Sao Jorge Castle, and are easily reached by bus, tram which provides safe pedestrian and scooter access and Metro transport – soon to include a new Metro to the city’s main thoroughfare, the Avenida da station on the very same block as the development. Liberdade – the Champs Elysée of Lisbon – providing access on foot to the central business district and the Extremely convenient access to the A2 and A5 retail high street, Saldanha business district, and the motorways open up easy access to the major north Praça do Comércio. and south links, the one running north to Porto, and the other south to the Algarve. The main Lisbon Go to: www.lxliving.com/the-area/ airport is just 15 minutes away.

9 Amoreiras, Lisbon

10 THE AREA continued

Just 20 minutes to the west are the It is also home to international schools, including riviera towns of Estoril – with its seven the city’s leading French school, Lycée Francais fabulous golf courses to choose from – Charles Lepierre, substantial commercial head and Cascais, with its sandy, north-facing offices of blue-chip international corporates like beaches. Deloittes and Accenture, and soon to be joined by the new Novo Banco head office; five-star hotels, A little inland is Sintra, a resort town in an like the neighbouring Dom Pedro; a clinic on the incredible national park; and the Troia Peninsula same city block and other hospitals close by. with its beaches and dolphins. Perhaps most significant is the fact that it is Amoreiras itself boasts an array of attractions, within easy walking distance of the Avenida da all within a very quick stroll of the site. These Liberdade and literally across the road from include the very popular retail destination, the Amoreiras Shopping Centre, Lisbon’s first Amoreiras Shopping Centre with its four large mall and still a highly popular retail and distinctive towers. entertainment centre.

11 THE ARCHITECTURE

Designed by highly respected Lisbon- The design along the length of its exterior facade based architectural firm Saraiva and is characterised by a system of large cantilevered Associates – which has offices in thirteen balconies, punctuated by dramatic voids, allowing major cities around the world – LX Living for a visual and functional extension of the main features clean, modern lines and perfectly areas of the apartments. designed living spaces, including expansive balconies and roof gardens.

The building has been masterfully designed to integrate into the existing urban fabric, providing pedestrian access through several entrances into a publicly accessible, landscaped plaza, which will provide access to the ground floor shops and restaurants. Go to: www.lxliving.com/design/

12 LUXURY FINISHES & AMENITIES

The apartments themselves will All residents, owners and tenants alike, will have feature spacious contemporary living full use of a suite of amenities and services usually areas, open-plan kitchens and luxury found in four or five star hotels: finishes. These include solid timber • a well-equipped gym and day spa flooring, engineered stone countertops, • two swimming pools integrated kitchen appliances, air • ample underground parking conditioning and double glazing • charging stations for electric vehicles throughout. • two restaurants and a bar • a rooftop garden and deck • various lounges, pause areas and meeting spaces Go to: www.lxliving.com/features/ • pre-installed hi-speed fibre connectivity

13 14 15 16 17 THE GOLDEN VISA

Golden Visa Steps and Procedures Sample breakdown of costs and fees of a Golden Visa aquisition: 1. Acquisition of the property(ies) / Signature of the Promissory Contract and Provisional Golden Visa – Initial Application Registration (Investor + 3 family members): 2. Upload to SEF’s platform of all required Initial Submission Fee: € 782,00 documents and payment of the Immigration Initial Approval Fee: € 21 298,40 Office application fee (€ 532.70 for the Total: € 22 080,40 investor plus € 83.10 for each family member) Golden Visa – Renewals (per renewal, Investor + 3 family members): 3. Validation of the application by the Immigration Office Initial Submission Fee: € 782,00 Renewal Approval Fee: € 10 649,20 4 Online scheduling of an appointment for Total: € 11 431,20 biometrics

5. Visit of the whole family to the Immigration All prices quoted above are subject to change without notice. Office for biometrics appointment and delivery of original documents

6. Approval of the Golden Visa application

7. Payment of the Immigration Office’s approval fees (€ 5,324.60 per applicant) and issuing of residency cards Go to: www.lxliving.com/golden-visa/

18 Praça do Comércio 19 For more information please contact Theresa Fernandez on [email protected] • pamgolding.co.za/portugal