The €60M residential project will be completed by the end of 2022. With 40% already sold off-plan, these apartments, developed by AFA Real Estate, are recognised for their distinctive features, design and quality of construction materials.
Featuring 49 sophisticated apartments and 12 commercial areas, Savoy Residence | Insular stands in one of the most iconic areas in downtown Funchal: the former “Companhia Insular de Moinhos” mill built in 1929. In this reconstruction, the legacy will be recovered as the architecture of the old structure will be combined with a contemporary design, maintaining the essence and history of the building while creating a renewed centrality.
For the architects, “the challenge was to create a project that blended into the area without lessening the historic sentiment that the city itself has towards that location.” Roberto Castro and Hugo Jesus (RH+ Arquitectos) believe they achieved what was intended, “meeting the developer’s wishes and respecting the collective memory of the people of Funchal in connection with a quarter full of historical significance.”.
There are spacious lofts with double-height ceilings where natural light prevails, triplex apartments, and penthouses with a private pool. All owners will benefit from the rooftop, comprising an infinity pool and solarium, panoramic views and gardened areas. Also included are perks such as a 24-hour doorman and security guard and the privilege to subscribe to the Savoy Resident Card and be given access to the services, facilities, and common areas of the six hotels in the Savoy Signature collection.