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Two Residential Projects, with 214 Villas and Flats, Underway in Vilamoura
23 July 2018
The two developments are called Central and Uptown and are the latest residential projects being marketed in Vilamoura, Algarve. When the two projects reach the market in 2020, they will have a combined 214 new villas and flats. “They are two distinct projects,” said Miguel Palmeiro, commercial director of the Vilamoura World Group (VM), the “master developer” responsible for two projects in Vilamoura.
According to the executive, “Central will consist of an exclusive community of 80 residences in the centre of Vilamoura,” with flats ranging from having two (+1) to four bedrooms, with prices starting at 629,900 euros.
“It is a residential condominium of houses with high levels of sophistication and exclusivity, offering a perfect balance between private and common spaces,” says Miguel Palmeiro, noting that the “exclusive gated community was designed by the international architecture studio Petraccone & Vodar, which combined its prestigious location with an elevated architectural concept.”
The complex was built with “high quality” materials and finishes and have private interior patios that “offer a smooth and harmonious connection with nature, with the surrounding common gardens and swimming pools,” Mr Palmeiro stated. The eighty residences that form Central are five minutes’ walk from the beach and the marina and very close to golf courses and tennis courts.
134 homes going “hand in hand” with nature
Uptown “will mark the beginning of a new kind of lifestyle in Vilamoura, where design and nature join to become one,” the VW group’s commercial director revealed.
“The first phase of 134 residential units – both flats and houses – is already on the market. The houses are made up of two, three or four bedrooms and will be ready by the beginning of 2020,” he said. Prices start at 294,400 euros.
According to the executive, “Uptown aims to become a new centre in Vilamoura,” surrounded by nature. “It is focused on providing the best possible life for its residents, and the infrastructure near Uptown, such as the Vilamoura International School, the Vilamoura Equestrian Centre and the Victoria Golf Course, will make life easier for this new community,” he said.
For Mr Palmeiro, the project is “a place where colours and design emerge from the earth” and “where architecture has a typical Portuguese touch,” integrating “perfectly in the landscape.” “Jacques Ferrier, Uptown’s architect, took advantage of its exceptional location to create a project with unique architectural features and identity in Vilamoura,” he explained. The Uptown will have, among other facilities, a leisure club with a pool.
Who are the potential buyers for these projects? The executive told idealista/news that they would have diverse profiles. “Because of the variety of our offer, we have investors who buy to obtain income, and we have buyers who invest for their use. The diversity and quality of our offer mean that we can attract investors of different profiles,” he concluded.
Original Story: Idealista – Frederico Gonçalves
Translation: Richard Turner