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The Amorim / Vanguard consortium will invest more than one billion euros in Comporta from here 10 to 15 years, according to Lusa José Cardoso Botelho, managing director of Vanguard Properties.
The general meeting of participants of Herdade da Comporta today approved the sale of the assets of the property to the Amorim / Vanguard consortium.
"In the first five years, we have an investment project in the order of 300 million euros, but the overall value will far exceed one billion euros," he said. the director at Lusa.
José Cardoso Botelho explained that "a project like this will never last less than 10 to 15 years, it is a very large area, it must be carried out gradually and adapted to needs".
The general manager of Vangaurd Properties also said that "during the first three years there will be hotels and condominiums, employment and wealth for the region," stating that "in terms of construction, [o projeto] will employ no less than a thousand people and the permanent work, in five years, from two to three thousand people ".
José Cardoso Botelho assured that these officials should be entitled to affordable housing, noting that the companies will continue negotiations with the local authorities.
For the moment, a "super luxury" hotel is being designed, said Paula Amorim's director, JNcQUOI, who is part of the consortium with Vanguard.
"There will be different developments, but in general we want a high quality product," he said.
As for next steps, José Cardoso Botelho said that there was a set of operational processes to follow.
"Contractually, it is expected that by March 15, 2019, all conditions must be met and the act until April 4," he explained.
The consortium estimates, however, that "during the month of February, it will be possible to prepare everything, act and move forward," he said.
Construction is expected to be on the ground in the first half of 2019.
José Cardoso Botelho also revealed that 84% of the participants in the general assembly of today had approved the bill and confirmed that the Public Prosecutor's Office and the Criminal Investigation Court had rendered their opinion "does not conflict with the case", one of the essential steps to go forward. the sale.
"The approval by the general meeting of the participants of the sale of the assets of Herdade da Comporta" to this consortium "is a decisive step in a long process" in which they are involved "with commitment and sense of responsibility. "
In a statement, Paula Amorim said that the consortium that incorporates "believes in the potential of Comporta" and the country "as a tourist destination and quality" and "an entrepreneurial capacity to develop it", as well as a "a development model that guarantees the region's sustainability, job creation, greater openness to others and realities, quality investment and the qualification of public spaces."
On October 28, Gesfimo, the management entity of Herdade da Comporta, signed a "promise to buy and sell" the property with the Amorim / Vanguard consortium.
The Herdade, from the universe of the Espírito Santo group, has been on sale for several years.
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