Algarve receives luxury development with investment of 270 million euros
Verdelago Resort, a luxury development in Algarve with a €270m investment, will open this summer. The project covers 86 hectares of land and includes a five-star hotel with 197 rooms. The development is entering a new commercialization phase, with 109 residential-touristic units available.
Property Core Real Estate Fund aquires 18,200 m2 property in Benavente
JLL sold and leased a warehouse in Benavente to the Property Core Real Estate Fund. The property was previously a paper production factory and has a large gross area and high ceilings. The new owners plan to extensively refurbish the property to optimize it for its new purpose.
Construction work begins on the second phase of the MERECES 718 development
Dstrealestate announced the start of construction for the second phase of the MERECES 718 development in Barcelinhos, Portugal. The first four lots of the project have already received an investment of €30 million, and 42 out of 160 apartments have been sold. The construction of the second lot is expected to be completed by March 2024.
Évora will welcome the opening of Hilton Garden Inn Évora
Mercan Properties has invested 21 million euros in a new hotel in Évora, Alentejo, its first in the region. The hotel has 130 rooms, a rooftop pool, a restaurant, gym, and a meeting room. The property developer already has four other hotel projects in the region.
Kronos Homes completes sale of Amendoeira Golf Resort
Kronos Homes sold Amendoeira Golf Resort to Grupo Rolear. The 241 properties in the resort were sold to national and international clients. The value of the investment was not disclosed.
Habitat Invest announces the launch of “The UpperCase”
Habitat Invest’s new project, “The UpperCase”, will include 73 apartments, 6 townhouse-style villas, a mansion, and a commercial space. The development will be built on the site of the former DAFUNDO printing press in Algés, Portugal, bringing new life to the historic property. The investment amount for the project has not been disclosed.
