Representing a global investment of €47 million, the project is expected to be completed within two years.
A new tourist development for seniors was launched in Vilamoura this Thursday. The future development, called Domaine de Vilamoura, is the result of a partnership between Nexity Portugal, the Aegide Group and Perial Asset Management. Representing a global investment of €47 million, the project, which should be completed within two years, will create 50 permanent jobs.
“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”, revealed Mayor of Loulé Vitor Aleixo at the laying of the first stone in Vilamoura on Thursday.
Vítor Aleixo stressed that the investment is “an important contribution towards the requalification of the area in which it will be built” and hopes that it will open the door for more “quality and sustainable developments”.
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 flats, ranging from 40 to over 100 square metres in size, within a total area of around 13,000 square metres.
These tourist apartments are mainly intended for long-term stays for seniors, who value nature and socialising, in modern accommodation that offers a safe environment.
Domaine de Vilamoura will offer high-quality hotel services (tailor-made services, concierge, and room service, among others) designed to simplify daily life, thanks to the AEGIDE Group’s experience in this segment.
“We are very proud of this project. It meets the needs and expectations of the municipality and the commitments of the Aegide-Domitys group towards our customers’ quality of life”, 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 200 to 300 people are intended to be accommodated permanently in this development”.
Fernando Vasco Costa assured that the apartments and the services they will offer are also intended for a Portuguese clientele, refusing to brand it “a luxury development” and defining the “middle class” as its target customers.