In a statement, the private equity firm specialising in the development and management of real estate assets in Portugal indicates that it plans to develop a residential project, with a total investment of more than €100 million.

According to Bondstone, this property is located in a prime area, in the centre of the Golden Triangle – close to the beach, golf courses and the Vilamoura Marina – and has an approved subdivision permit, partially completed infrastructure and “unique conditions for the development of a highly differentiating residential project.”

“This acquisition represents Bondstone's first project in the Algarve and reinforces our commitment and presence in the Portuguese real estate market, as this is our biggest investment in the sector to date. Our focus is on developing distinctive projects, which elevate the national market and add value to the areas in which they are located, therefore, with this investment, we intend to contribute to valuing the Algarve even further and continue to expand our portfolio”, stated the company's executive president, Paulo Loureiro, as reported by ECO.