PortugalPolitics

Paul Weiss leader invests in luxury in the Algarve

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 19/09/2026, 16:35:14 UTC.

Briefings

Paul Weiss's vice-president Neel Sachdev is investing 1.5 billion euros in 11 luxury apartments in Santa Bárbara de Nexe, Algarve, replacing a citrus grove. One unit is completed, while the remaining ten are under construction, with completion scheduled by 2028. Each apartment features a pool and was valued at over 3 million euros in 2024. The project stems from a partnership with an investor who met Sachdev in Hackney, London. Portuguese contractors were hired, with Sachdev personally managing daily operations. He moved from Kirkland & Ellis to Paul Weiss in 2023, expanding the firm from 15 to 275 lawyers. Sachdev believes Portugal's openness to foreign investment and rising international demand support this project, though Knight Frank noted isolated housing remains below demand in peripheral areas.

Key points

• Neel Sachdev, vice-president of Paul Weiss, is investing 1.5 billion euros in 11 luxury apartments in Santa Bárbara de Nexe, Algarve.
• One apartment is completed while the remaining ten are under construction, with completion scheduled by 2028.

Context and limitations

Source is untrusted; Financial Times access is paid. Data reflects 2024 valuation and 2026 publication date. Coverage limited to specific project details and lacks broader market context.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 19/09/2026, 16:36:33 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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