ARCHITECTURE
OF
CAPITAL.

REAL
ESTATE
DEVELOPMENT.
ARCHITECTURE
OF
CAPITAL.

REAL
ESTATE
DEVELOPMENT.

TERRALUNA

STRUCTURE BEFORE BUILDING.

Terraluna is an independent capital structuring firm focused on complex real estate development in Portugal.

We operate at the intersection of capital, governance and development, securing complex projects and ensuring their economic coherence through delivery.
ARCHITECTURE OF CAPITAL.
REAL ESTATE DEVELOPMENT.
POSITIONING

Terraluna structures and orchestrates complex real estate developments, aligning capital, governance and execution before construction begins.

WE DO NOT DEVELOP FOR THE SAKE OF DEVELOPMENT.

We design the strategic architecture of each operation:

– SPV & JV structuring
– Advanced financial modelling
– Risk allocation and mitigation
– Governance and budget discipline
– Strategic arbitrage

OUR ROLE IS TO ALIGN CAPITAL, OPERATORS AND EXECUTION.
TERRALUNA

FOUNDATIONAL PRINCIPLE

Capital protection precedes performance.
Each project is structured around three non-negotiables:

CLARITY.

TRANSPARENT FLOWS. DEFINED RESPONSIBILITIES.

RIGOR.

FINANCIAL MODELLING. CONTINUOUS COST CONTROL.

DISCIPLINE.

STRATEGIC OVERSIGHT THROUGH COMPLETION.
LEADERSHIP

STRATEGIC VISION. FINANCIAL RIGOR. TECHNICAL EXCELLENCE.

Fernando Santos
Fernando Santos

MANAGING PARTNER

Origination & global structuring. Defines the strategic direction of each operation.
Our role is not simply to develop projects, but to design their economic and strategic integrity from inception to exit.

Christophe Van Cools
Christophe Van Cools

TECHNICAL DIRECTOR

Technical coordination & risk management.
Oversees technical coherence and disciplined risk management throughout all phases of development.

TERRALUNA

ENGAGEMENT

Terraluna acts when complexity requires:

CAPITAL-PROJECT ALIGNMENT

ROBUST STRUCTURING

CLEAR GOVERNANCE

DISCIPLINED EXECUTION

Optimal Development

Experience

+120,000 SQM
DEVELOPED IN PORTUGAL BY THE TEAMS INVOLVED.

Residential. Mixed-use. Urban repositioning.
Complex administrative environments.
Multi-stakeholder governance.

REQUEST MORE INFORMATION

contact@terraluna.pt

We operate at the intersection of capital, governance and development, securing complex projects and ensuring their economic coherence through delivery.

Main Office
General Inquiries
Architecture of Capital.

Real Estate Development.

©2026 TERRALUNA, Lda