Press Coverage: Acordo SGPS has already sold 50 million euros of Bom Sucesso to the English

Please read original article from October 9, 2007  here.

Summary:

Acordo SGPS, the developer of Bom Sucesso Design Resort Leisure & Spa in Óbidos, has sold €50 million worth of units, with around 140 of the 500 sold so far going to English buyers. To strengthen its presence in this key market, the company has opened an office in central London to provide direct support to new and existing clients.

The project, featuring Portuguese architecture and technology, represents a €390 million investment and includes 1,072 units across three phases. The second phase, consisting of 250 units, will begin sales in February. Gonçalo Castelo Branco, Acordo’s director, estimates that the development will generate €45 million in tourism revenue upon completion.


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