Bondstone acquires Quinta do Morgadinho and invests over 100 million in Algarve

Bondstone acquires Quinta do Morgadinho and invests over 100 million in Algarve
27 Oct 2023

Bondstone has acquired Quinta do Morgadinho, a 68-hectare property located in Vilamoura, in the Algarve, to develop a high-standard project, with a total investment of more than €100 million, which represents the company’s largest investment in Portugal, where it already has 12 projects with an investment of €315 million and a value of assets under management of €380 million.

The property is located in a prime area, in the centre of the Golden Triangle – close to the beach, golf courses and Vilamoura Marina – with an approved allotment license, partially executed infrastructures and unique conditions for the development of a highly distinctive residential project, compared to the existing offer in the area.

Paulo Loureiro, Founder and CEO of Bondstone, says that “the focus is on developing distinctive projects that elevate the national market and add value to the areas in which they are located, so with this investment we intend to contribute to further enhancing the Algarve and continue to expand our portfolio”.

Read the full article here.

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