Large-scale residential project in the Algarve

Opportunity to develop a large-scale residential project in the Algarve. The property is in Lagos, one of the major cities of the western Algarve. The asset has an approved PIP for the allotment plan, which grants the construction of 49.520 sqm for residential and 1.600 sqm for retail. The asset has an approved PIP for the allotment plan, which grants the construction of 49.520 sqm for residential and 1.600 sqm for retail. The project foresees the construction of 397 apartments divided in 16 plots. Faro airport - 87 Kms – 1 hour driving. Beach - 2,5kms – 5 minutes by car. The Seller is accepting Offers for the Property. Potential investors are invited to submit Non-Binding Offers (“NBO”).