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The millionaires Claude Berda and Paula Amorim, the new owners of real estate assets of the Herdade da Comporta fund, have an investment plan for property greater than one billion euros. For the moment, the two entrepreneurs have seen their purchase proposal approved by 84% of the 90% stake in the participants' meeting of the fund, which was held yesterday in Lisbon. Claude Berda and Paula Amorim offered 158 million euros for the field. The bill of sale is scheduled for April 4, but it is likely that players will be able to anticipate this date.
The first intervention in Comporta will be at the level of infrastructure, he said to DN / Dinheiro Vivo Cardoso Botelho, representative of Claude Berda in Portugal. "The initial program provides for the repair and construction of various infrastructure – water treatment and effluent treatment plants, streets – and the development of 52 tourist villas," he said. This first phase should involve an investment of 300 million euros. At the same time, Paula Amorim (American businessman Amorim's daughter) should start by creating a hotel unit.
Cardoso Botelho said that Comporta is "a project that will last 10 to 15 years" and that "investments will exceed 1 billion euros [mil milhões]"The manager stressed that it will be developed on the basis of partnerships, but with the concern" to seek details, personalized concepts integrating well-being. We want a strange project. "
Quality and responsibility
The Comporta will be developed taking into account its potential "as a quality residential and tourist destination" and with "a sense of responsibility, because we have the firm intention to guarantee this development in the respect of the community, nature and local traditions, "says Paula Amorim in a statement sent to the press rooms. The entrepreneur, who represents 12% of the project (the remaining 88% are from Claude Berda), said he wanted a "development model that ensures the sustainability of the region, creates jobs … quality investments and "public" qualified spaces.
According to information provided by investors, Herdade da Comporta will have an "adequate structure of hotels, villas and condominiums" and will encourage "a large number of initiatives to support communities, art centers, design"A wellness Center An award-winning brand offering relaxation and detoxification activities is part of the project, which will also include sports schools, namely golf, tennis and sports. paddleand areas of commerce and catering. A museum and a church, signed by a respected architect, are also part of the promoters' objectives for the site.
Scattered clouds
The Amorim Luxury and Vanguard Properties consortium is now assuming the fate of Herdade da Comporta after an unfortunate contest (canceled in July) marked by controversy. The supply of assets rose from 156.4 million to 158 million. The previous competition was also organized by the group consisting of Mark Holyoake, Portugália and Sabina (155.8 million euros), and by Louis-Albert de Broglie and its partners Global Asset Capital and Bonmont, with 159 million.
The public prosecutor agreed to the sale to the consortium of Claude Berda and Paula Amorim, believing that the process respected the rules of exemption and transparency. The Central Criminal Court has also delivered a favorable opinion. Portugal is considering lodging a complaint because it considers that the rejection of the proposal submitted during the previous competition can be considered null and void.
The real estate fund Herdade da Comporta, managed by Gesfimo, is mainly held by the insolvent Rio Forte, which holds 59.09%, and Novo Banco, with 15.46%.
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