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.

CONTACT US →
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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 62 79 90 77 9
ARD Capital Partners
Van Baerlestraat 3-2
1071AL
Amsterdam

Knowledge center

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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
Read
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
Read
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?

Our investments and operations are based in Brazil, meaning the underlying assets are valued in Brazilian Real (BRL). Consequently, the final return converted back to Euros is exposed to EUR/BRL exchange rate movements. While Brazil has an autonomous Central Bank managing its monetary policy and currency stability, investors should factor in standard currency fluctuation risks when evaluating their expected returns. This can be positive or negative.

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

As with any dynamic market, inflation is a standard economic factor. Brazil’s Central Bank actively monitors and responds to inflationary pressures, with current forecasts around 4.5% to 4.7% for 2025 and 2026. While real estate often moves in tandem with inflation, sudden or prolonged inflationary spikes can impact construction costs and local purchasing power, which are inherent risks in the development process.

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

Brazil operates as a mature democracy with established legal frameworks and maintains a neutral stance in global trade, making it a key partner for Europe and the US. However, investing internationally always involves exposure to local macroeconomic and political dynamics. Changes in government policies, local tax structures, or economic regulations are systemic risks that can influence the broader real estate market.

04.
What are the primary risks associated with the investment?

Our rapid pre-sale development model involves several standard real estate and cross-border risks:

Completion Risk:
The inherent risk associated with any construction phase, including potential delays, supply chain disruptions, or cost variations during development.

Liquidity Risk:
Real estate is an illiquid asset class. While our model focuses on generating cash flow during development, the invested capital remains tied up for the duration of the project cycle.

Regulatory & Legal Risk:
Operating internationally requires adherence to both Brazilian and European financial frameworks, which are subject to potential legislative changes over time.

Market Risk:
General market dynamics and consumer demand can fluctuate, which may impact the sales pace of the units and the overall project returns.

05.
What is the exit strategy and what are the associated risks?

Our core exit strategy is driven by the pre-sale of developed real estate units, a model designed to generate structural cash flow throughout the construction phase. The primary risk to this strategy is a potential market slowdown, which could affect the anticipated sales pace or final unit prices. Furthermore, finalizing the exit involves repatriating capital and profits from Brazil to Europe; this process is subject to international transfer regulations, prevailing market conditions, and exchange rates at the time of the transfer.