The Golden Heed fund invests in companies that are focused on real estate opportunities in the Portuguese
market. The focus are two asset classes: (i) income generating assets (preferably, supermarkets, fast food
restaurants, etc.); and (ii) assets to be developed (projects to be licensed – greenfield, development and rehabilitation).

The estimated net return is 6% per annum and the term of the fund is 10 years (but we expect to liquidate it around the eighth year, subject to investor approval, and also after ensuring that all Golden Visa investors meet the requirements).