PORTUGAL - Real Estate & Construction
Founder and CEO, Lisbon Best Apartments
Sérgio Ferreira is chairman of the board of Coporgest, a company he founded in 2004 that develops luxury housing projects in Lisbon. In 2012, Ferreira created, within Coporgest, the Lisbon Best Apartments brand. He has a degree in management from Instituto Superior de Economia e Gestão (ISEG) in Lisbon and a postgraduate degree in taxation (2003) and another in real estate management and finance. He also attended a master’s of business strategy.
Sérgio Ferreira is Founder and CEO of Lisbon Best Apartments.
What have been the highlights and milestones of the company since its inception in 2004?
Since our foundation back in 2004, and until 2012, we operated only as developer of highend residential projects in city center prime locations. Right from the start, I decided to hire an internal team of architects and project managers to give me full control of the licensing process and control the quality of works during the construction process. This allowed us to reach a level of experience and knowledge quite distant from most of our competitors, who usually hire external architect and management team to take care of their projects. In 2012, we decided to create an internal team to develop our short term rental business unit, with our brand Lisbon Best Apartments, and since then our operation has grown with enormous success: currently, we successfully manage 45 apartments, the majority of which belong to Coporgest. Later, we started a project of a five-star hotel in Chiado that I expect to open in 2023. More recently, we invested in a magnificent location in Comporta: a property in two minutes away from the beach that will include 71 apartments, 37 villas, and a five-star hotel with 58 rooms and suites.
How does the company shape its competitive advantages in a market characterized by fierce competition?
Our quality of construction has reached a level that is difficult to achieve for most of our competitors. For example, we invest heavily in noise insulation systems, thermic materials, and highly efficient heating solutions, which are extremely important for the final quality of an apartment. We have also learned how to accelerate our production process. For example, our latest investment in Lisbon, in Rua Sousa Martins, was purchased in January 2022, and construction started on June 1. Most of our competitors are miles away from this kind of capacity and concerns, and the fact that I have my internal teams has given us the possibility of accumulating knowledge and skills that are not easy to find among the competition.
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