Flex Space Fund

Because it taps into how people actually work today. Companies want shorter leases, hybrid teams need plug-and-play spaces, and freelancers rely on community hubs. You’re investing in the operators behind this shift, not in static office buildings, which often leads to faster expansion potential and fewer legacy constraints.

Portugal has become a magnet for remote professionals, tech teams, and digital-first companies. Operators like district.space fill that need with adaptable locations across the country. The fund directly fuels this growth, so when demand rises, the operators scale—and investors participate in that value creation.

Dividends are just one part. A major value driver is the growth of the operator itself—new locations, improved occupancy, better brand recognition, and operational efficiency. When the company strengthens, the equity stake the fund holds becomes more valuable.

Yes. Once subscribed, the structure is fully managed. There’s no property upkeep, no tenant calls, and no ongoing tax questions. Investors simply complete the capital call and maintain their GV renewals; everything else is handled by the manager.

Often, yes. In uncertain periods, companies prefer flexible leases rather than locking into long-term office contracts. This can support occupancy and help operators stay relevant even when other commercial office segments slow down.

The underlying operator creates community-guided work hubs, places where entrepreneurs collaborate, small teams find affordable space, and creative industries have a base. Investors aren’t only backing a financial product; they are enabling a more inclusive, modern work culture across Portugal.

Absolutely. Many early-stage teams and international founders need flexible, scalable work environments. As Portugal attracts more global talent, operators that serve this audience are positioned for strong occupancy and expansion, both of which feed back into the fund’s long-term value.

Operational workspaces need time to mature; locations must open, fill, stabilise, and then be optimised. A closed-end structure protects the capital so the fund isn’t forced to sell early or manage unpredictable redemption flows. Investors remain aligned with the long-term growth cycle.

Because direct real estate no longer qualifies for the Golden Visa, it is important to note that the real value in this sector lies with the operator rather than the physical properties. The operator controls the brand, pricing, membership model, community strategy, and fit-out design. These elements can scale; a single building cannot.

Although Portugal is the geographic focus, the operator model naturally creates diversification across locations, membership bases, tenant types, and revenue streams. A single operator may run coworking offices, maker studios, light industrial hubs, and creative workspaces, spreading risk across multiple use cases.

Toward maturity, the manager prepares an exit strategy that may involve selling the operator stake, merging it into a larger platform, or executing a broader liquidity event. Investors then receive their share of proceeds based on the final valuation. The aim is to capture the full growth of the company over the fund’s life.

Yes, it is registered under CMVM ID 2103. The custodian is Banco Santander Totta, S.A..

Management Fee: 1.5%. Performance Fee: 20%. Subscription Fee: Not disclosed.