15 May 2020 – Vanguard Properties, together with Amorim Luxury, will develop the Terras (Lands) da Comporta, on the property Vanguard bought in Herdade da Comporta. Two international hotel groups have signed confidentiality agreements and are expected to submit proposals in the coming months.
The total investment in Terras da Comporta is expected to exceed 1.5 billion euros. The current plans foresee the construction of five hotels, three hotel apartments, two golf courses and eleven tourist resorts and residential subdivisions, with one thousand homes.
Original Story: Jornal de Negócios – Rafaela Burd Relvas
Photo: Joao Paulo Rodrigues
Translation/Summary: Richard D. Turner