traveler
June 21st, 2006, 12:47 AM
€1.5 billion Vilamoura resort ahead
Lusort has unveiled a new tourism development at Vilamoura involving first stage investment of €750 million. It will provide residential accommodation in tourism villages, hotels and shopping centres and is targeted at high net worth income individuals. Rafael de la Hoz local director for the resort, says the new Vilamoura project is one of the largest developments on the Algarve covering 900ha on a site totalling 1700ha and providing 434,000m2 of residential development. Project architect Rafael Vigueras said the Vilamoura resort offered a new level of residential tourism on the Algarve. Some of the development will be built out over water and canals with 200 mooring points enabling boat owners to moor their boats at the front door. The development will be water-themed, particularly in Lacustre City described by the architect as the jewel in its crown. Construction is due for completion by 2016. Total investment will be €1.5 billion including infrastructures, landscaping, leisure areas, 15,000m2 of retailing and a horse riding centre :cheers:
Lusort has unveiled a new tourism development at Vilamoura involving first stage investment of €750 million. It will provide residential accommodation in tourism villages, hotels and shopping centres and is targeted at high net worth income individuals. Rafael de la Hoz local director for the resort, says the new Vilamoura project is one of the largest developments on the Algarve covering 900ha on a site totalling 1700ha and providing 434,000m2 of residential development. Project architect Rafael Vigueras said the Vilamoura resort offered a new level of residential tourism on the Algarve. Some of the development will be built out over water and canals with 200 mooring points enabling boat owners to moor their boats at the front door. The development will be water-themed, particularly in Lacustre City described by the architect as the jewel in its crown. Construction is due for completion by 2016. Total investment will be €1.5 billion including infrastructures, landscaping, leisure areas, 15,000m2 of retailing and a horse riding centre :cheers: