Seeing fewer attractive investment opportunities in Europe?

Together with Brickfund, ARD offers a high-yield alternative with monthly cash distributions and strategic portfolio diversification.

Investments through our fund can be viewed as (pre-)financing a residential development in São Paulo, combining a fixed interest component with an upside profit-sharing component.

Invest in São Paulo's Leading Developer

By investing in ARD’s fund, you gain exclusive access to off-market residential developments that are typically unavailable to private investors.

ARD co-invests alongside Vitacon, the pioneer in innovative living in São Paulo, with a track record of 115 completed projects and 0 defaults since 2009

São Paulo Real Estate Investment
Invest In São Paulo Real EstateSão Paulo Property Investment
São Paulo Commercial Real Estate
São Paulo Residential Real Estate Investment
São Paulo Real Estate Projects

Your Investment is Backed by Institutional Safeguards

Thanks to ARD’s 30 year local presence and long standing relationship with Vitacon, investors participate on equal terms as Vitacon’s institutional partners such as Hines.

Capital is invested against the real estate as collateral, supported by completion guarantees, financial guarantees from Vitacon’s group, and an institutional grade fund setup.

25%+

Projected Net IRR

10-12%

Annual Cash Yield

4 Yrs.

Average Investment Cycle

€100.000

Minimum Equity Ticket

São Paulo’s Leading Developer of High-End Micro-Apartments

ARD is Vitacon’s
Exclusive EU Partner

Leveraging our family’s 30-year presence in São Paulo, ARD has secured an exclusive partnership with the market leader. Vitacon’s focus on "Micro-Living" concepts aligns perfectly with current market demand.

Through this partnership, ARD provides investors with direct access to carefully selected projects in the economic heart of Brazil.

With more than 115 completed projects, over 10,000 units sold and no defaults, Vitacon offers a solid foundation for secure and professional investments.

0
Defaults
115+
Delivered Projects
10.000
Units Sold
15+
Years of Experience
25%
Average Net IRR

Calculate Your Expected Return

Investment input

Calculate your potential growth with ARD Capital Partners at a glance. Simply select your investment amount to view a clear, year-on-year projection of your expected net returns.

Investment * i
Amount

Net Returns

Why São Paulo?

Capitalize on one of the world’s most undervalued markets.

While global hubs like Miami and Zurich face high bubble risks, the UBS Real Estate Bubble Index rates São Paulo as highly undervalued with a score of -0.1.

This data confirms a rare opportunity: entering a major global market at rock-bottom valuations. Unlike the overheated European markets, São Paulo offers significant upside potential for capital appreciation backed by real demand, not speculation.

Our Value Proposition

High Yield São Paulo Real Estate

Exclusive Access

ARD holds exclusive rights to pool European capital for off-market deals.​
High Yield São Paulo Real Estate

Friendly Terms ​

ARD ensures investors receive equal returns and additional safeguards compared to local institutional investors, even as intermediary.​
High Yield São Paulo Real Estate

Unique Entry​

ARD’s personal ties with Vitacon’s board provides trusted access built on years of collaboration, unlocking opportunities unavailable to outsiders.​
High Yield São Paulo Real Estate

Need for Equity​

High interest rates restrict local capital, pushing developers toward foreign equity. ARD serves as Vitacon’s bridge to European investors.​
High Yield São Paulo Real Estate

Aligned Interests

The ARD team co-invests alongside its investors, ensuring full alignment of interests.

Book
Appointment

Join an Active Investor Network

Investing with ARD is more than a transaction; it’s a partnership. You join a community of like-minded entrepreneurs and family offices. Through events and trips, we provide direct access to the people managing your capital.

A Community Built on Trust

We go beyond quarterly reports. Our investor trips and events bridge the gap between Europe and São Paulo. Meet the local team, visit the construction sites, and see the execution power of Vitacon with your own eyes.

In an informal setting, you get a realistic view of ongoing projects and market trends. It is the ultimate form of due diligence: verification through experience.

Upcoming events

For current and prospective investors.

5
February
2026
Amsterdam
Padel
24
February
2026
São Paulo
Business Trip ARD

Join the next São Paulo Investor Trip

Over 5 days, gain a fully transparent and comprehensive view of the ARD proposition.

You will visit both ongoing and completed projects, engage directly with the Vitacon board, and experience the city's dynamic energy firsthand.

Request the brochure  →
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A member of the ARD team will reach out within approximately 24 hours regarding your request.
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Insights From Our Investors

We believe in the power of a strong network.
Committed and active entrepreneurs shape our Investor Community.

Floor van Boxtel

Founder Rise Up, Duke concepts, HAERT, CoFunding

Insights from one of our investors: Floor Maria

Two men leaning on a balcony railing, talking with a cityscape of glass buildings in the background.
Man with short hair and beard sitting thoughtfully with fingers touching near mouth in a blurred indoor setting.

Zjef Bogers

Founder Holland2Stay

Insights from one of our investors: Zjef Bogers

Thijs Griffioen

Head of Global CowManager

Insights from one of our investors: Thijs Griffioen

A man with short brown hair and a beard attentively listening in a professional setting.

Recognized by:

Tall modern apartment building illuminated at dusk with other buildings and trees under a cloudy sky.

VITACON VILA OLÍMPIA

Investor Price/m²
R$10.900
Exit Price/m²
R$18.500
Sold Out
4 months
Period
3.5 years
Appreciation
103%
Tall modern apartment building illuminated at dusk with other buildings and trees under a cloudy sky.

VITACON PERDIZES

Investor Price/m²
R$9.200
Exit Price/m²
R$18.500
Sold Out
3 months
Period
4 years
Appreciation
112%
Tall modern apartment building illuminated at dusk with other buildings and trees under a cloudy sky.

VITACON BELA VISTA

Investor Price/m²
R$8.900
Exit Price/m²
R$18.000
Sold Out
6 months
Period
4 years
Appreciation
100%

115+

Projects completed

0

Defaults

10.000

Units delivered

Trusted by

Institutional investors such as Hines & 7bridges

Cup of coffee?

Please contact us!
+31 63 80 64 29 5
ARD Capital Partners
Van Baerlestraat 3-2
1071AL
Amsterdam

Knowledge center

All media
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5
Thijs Griffioen on the Logic of São Paulo: Why the Fundamentals Truly Align
Investment

Thijs Griffioen on the Logic of São Paulo: Why the Fundamentals Truly Align

2026-01-26
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Strategic Reallocation: Why Serial Entrepreneur Floor Maria van Boxtel is Swapping Bali for Brazil
Investment

Strategic Reallocation: Why Serial Entrepreneur Floor Maria van Boxtel is Swapping Bali for Brazil

2026-01-22
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Unlocking São Paulo’s Residential Boom: How ARD and Brickfund Bring European Investors into Brazil’s Strongest Market
Investment

Unlocking São Paulo’s Residential Boom: How ARD and Brickfund Bring European Investors into Brazil’s Strongest Market

2025-03-28
Read
Vitacon: São Paulo’s Most Trusted Developer — Partnering with ARD to Deliver Institutional-Grade Projects
Investment

Vitacon: São Paulo’s Most Trusted Developer — Partnering with ARD to Deliver Institutional-Grade Projects

2025-03-28
Read
Managing Risk in Brazilian Real Estate: How ARD and Brickfund Protect Investors Through Structure and Strategy
Investment

Managing Risk in Brazilian Real Estate: How ARD and Brickfund Protect Investors Through Structure and Strategy

2025-03-28
Read

Got Questions?

01.
How do fluctuations in the EUR/BRL exchange rate affect the investment?

Stability: Since the Central Bank began operating autonomously, the BRL has maintained its value relative to the start of this policy period, proving the effectiveness of the current mandate.

Appreciation: As of December 2025, the BRL has seen an appreciation of approximately 5.7% compared to February 2021, when the independent central bank was officially established.

Hedging: For investors seeking additional security, options exist to hedge their investment outside of the fund structure.

02.
Does inflation have a negative impact on the investment?

Brazil has a proven track record of managing inflation, averaging approximately 5.7% annually over the past 20 years.

Effective Policy: The independence of the Central Bank allows for decisive action against inflationary pressures.

Current Data: Inflation for 2025 stands at 4.5%, with JP Morgan forecasting 4.7% for 2026.

Built-in Protection: Purchase prices for units within the fund's developments are indexed to inflation. This ensures the investment result is largely protected against loss of purchasing power

03.
What is the political risk associated with this investment?

While political volatility is a global reality, Brazil provides a stable foundation for international investors.

Mature Democracy: Brazil operates as a mature democracy with a clear separation of powers and institutions that oversee the highest levels of government.

Economic Resilience: Despite historical challenges like the 2014-2016 financial crisis and COVID-19, the economy has remained resilient with positive long-term GDP growth.

Neutral Global Stance: Brazil’s neutral position in global politics makes it a strong trading partner for Europe, the US, China, and the Middle East.

Legal Framework: The Brazilian legal system offers a credible framework for contract enforcement and dispute resolution, minimizing legal risk for investors.

04.
What are the primary risks, and how are they mitigated?

Completion Risk: Mitigated by partnering exclusively with Vitacon (115+ projects, zero defaults) and utilizing insured completion guarantees from providers like Allianz.

Liquidity Risk: Unlike traditional "lock-up" funds, our rapid pre-sale model generates early cash flow, allowing for a ~1% monthly interest component during development.

Regulatory & Legal Risk: Handled by our thirty-year "boots on the ground" heritage and a secure

Dutch AFM-light structure for European investors.

Alignment Risk: We co-invest under the same terms as our LPs and implement a 10% compounded hurdle, ensuring we only profit after our investors achieve structural growth.

05.
What is the exit strategy and how is capital recovery secured?

Rapid Liquidity: Our pre-sale model often sells out within months, generating the cash flow used for your ~1% monthly interest distributions during construction.

Insured Completion: Projects are protected by Performance Bonds (e.g., via Allianz), ensuring completion by a secondary developer if necessary.

The Payback Clause: If a project fails to launch, your capital is returned in full, adjusted for IPCA inflation plus 1% monthly interest.

Global Repatriation: We partner with tier-one firms like Ebury and BTG Pactual to ensure the seamless and compliant transfer of profits back to Europe.

Isolated Risk: Every investment is held in a standalone Special Purpose Vehicle (SPV) with joint escrow accounts monitored by international auditors.