“This is a set of apartments that will attract a segment of customers with a high purchasing power who will benefit from high-quality services and that will create around 50 permanent jobs”, congratulated the mayor of Loulé at the laying of the first stone in Vilamoura.
The future development, called Domaine de Vilamoura, is the result of a partnership between Nexity Portugal, the Aegide Group, and Perial Asset Management, with a global investment of 47 million euros, with works to be completed within two years.
Vítor Aleixo stressed that the investment will make "an important contribution to the requalification of the area in which it will be built" and hopes that it will allow "quality and sustainable development".
According to the promoters, the development “is part of a large mixed-use urban regeneration project that will include residential buildings, tourist accommodation, shopping, and leisure”.
The project foresees the construction of 159 apartments, from studios to T3 apartments, ranging from 40 to over 100 square meters in size, within a total area of around 13,000 square meters.
“We are very proud of this project, which meets the needs and expectations of the municipality and the commitments of the Aegide-Domitys group towards the quality of life of our customers”, said Frédéric Walther, associate executive president of the Domitys Group, who will be responsible for managing the Domaine de Vilamoura.
For his part, the director general of Nexity Portugal considered that “Vilamoura and the Algarve have exceptional conditions to attract seniors even outside the high season and that it is intended to have 200 to 300 people permanently in this development”.
Fernando Vasco Costa assured that the apartments to be built and the services to be offered are also intended for a Portuguese clientele, refusing to be “a luxury development” and defining the “middle-class” as target customers.
Meanwhile, our local elderly can be left to rot in peace, everyone is doing a great job by looking away. Look away all you like; all of us will inevitably age if we don´t die younger…Now? (Lol with snort), they won´t even have the “salted crackers at Minipreço” benefit, they just starve. Clean death?
By guida from Lisbon on 20 Jan 2023, 05:58
It's amazing how the camera can give these big companies building permission and yet the individual has to wait years to permission, especially if you are a stranger. I was told 5 years ago by the camera they were considering giving me an urban plot, next door to me both sides, portugese have both already built their houses. I'm still waiting.
By Karl blore from Algarve on 20 Jan 2023, 10:46
About time that Portugal realised that the population is living longer and lots of us would look forward to living in an inclusive environment where we can live comfortably and in an affordable situation.
By Dougal Gow from Algarve on 20 Jan 2023, 11:03
Always the affluent buyer.... well, I am in proces to do this for the average tenant in need for affordable housing, Portuguese, with assistance on a very hig standad, our own organic restaurant and some daily things to do, even work, if people wish. And... not just the elderly, also disabled and starters. Near Lisbon.
By Jacques De la Haye from Other on 20 Jan 2023, 12:57
As if there isn't enough building being done in Vilamoura. Let's build over the green areas with more concrete and destroy the natural habitats that make the area so attractive.
By Charles from Algarve on 21 Jan 2023, 14:41