Savills sells on golf course portfolio in the Algarve (PO)

Savills has been appointed by Oceanico Golf to sell the Vilamoura Golf Course portfolio in Portugal.
The portfolio comprises five championship courses, including the Oceânico Victoria (host to the World Cup of Golf in 2005 and the Portugal Masters since 2007), Oceânico Old Course (awarded number one course in Portugal by Today´s Golfer Travel Awards 2012 & 2014), Oceânico Pinhal, Oceânico Laguna and Oceânico Millennium.
Each one has its own unique characteristics, ranging from the mature tree lined fairways of the Old Course to the open, coastal features of the Arnold Palmer designed Victoria.
On the Old Course the existing clubhouse and adjoining office have permission for redevelopment to provide a new building of 13,020 m² which would accommodate new clubhouse facilities together with 126 holiday apartments.
In addition to the golf portfolio, there is a further beachfront development site on the edge of Vilamoura, close to the golf courses, which is available as a separate lot, or for development in conjunction with the golf courses. This 34,158 m² site has permission for development of 166 apartments with central leisure facilities overlooking the beach.
Source: Savills

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