We acquire, develop and sell high-potential real estate across Portugal.

Alongside a network of investors, from acquisition to execution and exit.

Invest with confidence. Build with expertise.

TB Developments is a real estate developer and investment manager based in Lisbon. We identify high-potential opportunities and manage every aspect of development, from acquisition to execution and exit, combining institutional-grade financial discipline with hands-on expertise.

Meet the team
Projects acquired and managed0
Assets under management0M
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Current projects

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Conceptual visualisation of Oeiras Villa in Caxias

Oeiras Villa

Area
338 m² gross private area
Plot
772 m² freehold
Type
New private residence
Status
Recently acquired · In planning
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Oeiras Villa

Caxias, Oeiras

A contemporary T4 villa stepping with a landscaped site in Alto do Lagoal.

Damasceno Monteiro 144, rehabilitated façade at dusk, Arroios

Damasceno Monteiro 144

Area
2,400 m²
Units
37 hotel keys
Type
Hotel development
Status
In progress · Delivery Q1 2028
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Damasceno Monteiro 144

Arroios, Lisboa

37 studios and apartments over a commercial ground floor, between Anjos and Graça.

Rua de Santa Marta 30, Santo António

Rua de Santa Marta 30

Area
3,030 m²
Type
Gated condominium
Programme
Two buildings · residential and commercial
Status
In progress · 2024–2027
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Rua de Santa Marta 30

Santo António, Lisboa

Two buildings near Avenida da Liberdade, shaped around a courtyard, rooftop garden and solar energy.

Rua Ilha de Santiago, rooftop terrace with jacuzzi and Palmela Castle view (render)

Rua Ilha de Santiago

Area
976 m²
Units
8 residential
Type
New residential
Status
In progress · Delivery 2027
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Rua Ilha de Santiago

Palmela

Eight T3 apartments with rooftop terraces and private jacuzzis beneath Palmela Castle.

Travessa da Portuguesa, azulejo-tiled façade in Bica (visualisation)

Travessa da Portuguesa

Area
1,041 m²
Units
12 residential
Type
Heritage rehabilitation
Status
In progress · 2026–2028
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Travessa da Portuguesa

Misericórdia, Lisboa

Twelve apartments behind an azulejo-tiled façade in Bica, moments from the Elevador.

Calçada da Graça, cobbled street and rehabilitated façades, São Vicente

Calçada da Graça

Area
531 m²
Type
Heritage rehabilitation
Status
In progress · 2026–2027
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Calçada da Graça

São Vicente, Lisboa

A hillside rehabilitation between Graça's miradouros: traditional outside, contemporary within.

Services

01

Comprehensive acquisition strategy

High-potential opportunities identified and secured through rigorous market analysis and disciplined negotiation.

02

Project financing

Established partnerships with trusted banks secure competitive terms; financial risk is planned, monitored and reported throughout.

03

Project & design planning

Detailed architectural and engineering design, developed to regulatory standard and aligned with investor goals.

04

Construction management & oversight

Every aspect of the build overseen directly, from contractor selection to quality control, on time and within budget.

05

Unit sales & marketing

Properties positioned, priced and marketed to drive sales performance and maximise investor returns.

Travessa da Portuguesa

Misericórdia, Lisboa · 12 units · 1,041 m² · 2026–2028
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Benjamin Hellin, founder and CEO of TB Developments

Benjamin Hellin

Founder & CEO

A civil engineer by training, Benjamin spent his early career in M&A Transaction Services at Deloitte and EY in Paris, advising developers, hospitality groups and private equity funds on real estate transactions and financial due diligence.

He founded TB Developments to apply that discipline as a principal: sourcing, underwriting and delivering value-add projects across Portugal, working with a close network of investors, technical partners and financial institutions.

See the full team

Questions & answers

Straight answers on how we work with investors and buyers. Something else on your mind? Ask us directly.

We are a property developer focused on central Portugal locations. Whether it’s a character building to renovate or land for a new development, we manage the entire cycle: sourcing, acquisition, licensing, construction, and sale or operation. We deliver apartments and commercial units for end buyers, and hospitality assets built to perform.

Each project is held in its own dedicated company, created for that project only. Investors fund the project at the start, alongside bank financing, and are repaid (capital plus their share of the profit) as the finished units are sold. A typical cycle runs 24 to 36 months.

Each project comes with a full financial model: purchase price, construction budget, financing, taxes and target sale prices, including the downside scenarios. We share targets, not promises: development carries real risks (costs, delays, market at the time of sale), we mitigate them with fixed-price contracts and conservative assumptions, but your capital is at risk and stays invested until the units sell.

Participation starts from €1 million per project. We work with a small circle of private investors, in Portugal and abroad. Each project states its own terms, and we walk you through the legal and tax treatment for your situation, including for non-resident investors. Tell us what you’re looking for and we’ll show you what’s open.

Then you’re who we build for. Our finished apartments are sold directly: join our buyers’ list to see new units before they’re publicly listed, with full documentation of the renovation behind the walls.

Investing in Lisbon? Talk directly to the principal.

No gatekeepers: every conversation starts with the founder. Request the track record, walk a live site, or discuss the next acquisition.