US Group with Sales of €285 Million in Melides

November 18, 2021 – Ana Custódio

The asset on Costa Terra is a tourist development located in Melides.

The Discovery Land Company acquired the Parque de Campismo da Galé from Imobiliária Ilhas Atlânticas for 25 million euros in October. To date, the North Americans have made sales at Costa Terra of at least 285.7 million euros.

The place is a tourist development located in Melides, Grândola. The figures were provided by Adrian Wadey, sales director at Costa Terra, in declarations to The New York Times.

According to another article in the Executive Digest, infrastructure at the site, which occupies 25 hectares, is contiguous to Costa Terra and, in time, should be incorporated in the strategy that the North American group has for this area.

The platform quotes Mike Meldman, the owner of Discovery Land Company, who is obviously enchanted by the Alentejo coast. “We were lucky enough to find an exceptional area in Portugal (Costa Terra), a real piece of paradise.”

Translation: Richard D K Turner

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