Real Estate Giant Dils Marks One Year in Portugal, Doubling Team and Expanding from Lisbon to the Algarve
Dils is celebrating its first year of operations in Portugal, a period marked by significant growth and strategic consolidation in the national real estate market. The company's entry was formalized in 2024 through the acquisition of Castelhana, a residential real estate agency with 25 years of experience and a strong presence in Lisbon, Porto, and the Algarve. In just twelve months, Dils has doubled its team from 85 to 170 employees, a move that reflects the firm's ambitious expansion plans. The leadership team, headed by CEO Pedro Lancastre, along with Patrícia Barão as Partner for Residential Real Estate and Fernando Ferreira as Partner for Commercial Real Estate, has emphasized a shared vision for creating a disruptive force in the sector. "It's easy to work with people you like," stated Patrícia Barão. "We are different, but we are united by the same desire to make things happen."
The integration of Castelhana provided Dils with a robust foundation in the residential sector, inheriting a portfolio that includes the management of over 600 rehabilitation and new construction projects over the last decade. The company now operates five physical stores in key locations: Lisbon, Porto, the Algarve, Estoril, and Comporta, serving both the new development and secondary home markets. Alongside its residential arm, Dils launched a Commercial Real Estate division from scratch. This new department is staffed with professionals averaging over 15 years of experience across diverse segments, including Offices, Retail, Industrial, Logistics, Data Centers, Hospitality, and Living. The creation of this division allows Dils to offer a comprehensive suite of services to a wider range of clients, from individual buyers to large institutional investors.
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Pedro Lancastre, CEO of Dils Portugal, highlighted the complementary expertise of his leadership team as a key factor in the company's successful integration and growth. "The choice was very easy and obvious," Lancastre said, referring to Barão and Ferreira. Fernando Ferreira added that the collaborative environment "is reflected in the spirit of Dils and the ambition we share." The company, which was founded in 2021 and has operations in Italy, Spain, and the Netherlands, aims to transform the real estate sector by combining its half-century of heritage with innovation, technology, and intelligent data analysis. This integrated approach is designed to provide a more efficient and collaborative service for clients. The doubling of its workforce and the successful launch of its commercial division in its first year signal Dils' strong commitment to becoming a dominant player in the Portuguese property market. Connect with trusted real estate professionals at realestate-lisbon.com.