Around 250 people attended the official inauguration of Quinta do Algarvio Village, the latest “turnkey real estate development in Carvoeiro”, on Friday, April 26.
The ribbon-cutting ceremony was led by Lagoa mayor Francisco Martins, who spoke of the municipality’s great relationship with the Carvoeiro Clube Group which manages the new resort.
Martins also thanked Dutch businessman Erik de Vlieger and the shareholders for their “commitment” to real estate projects in the Carvoeiro-Lagoa area, adding that “together we can make this area more important and attractive for local residents and tourists alike.”
Set in the middle of large private properties, the south-facing resort is comprised of 32 units including 10 one and two-bedroom apartments and 22 two-bedroom townhouses.
It represented a €10 million investment and was built on an 18,000sqm plot of land and boasts large “Mediterranean-inspired” gardens as well as a heated pool.
The Carvoeiro Clube Group in a press statement that “all units are tastefully furnished and have electric underfloor heating and air conditioning in all the rooms”.
“The village is fully fenced and gated. No access is possible for unauthorised people and there is a CCTV surveillance system and around-the-clock security service,” the group adds.
Sales have been “very successful, with 50% of the units sold before the opening”, says Carvoeiro Clube.
For more information visit: www.cc-realestate.pt