The approvals needed for the advancement of the project Vale do Lobo III have now been granted, thus allowing the development of the area. In all, the investment in the project will be around 500 million euros. The construction of a five star hotel, 180 suites and 126 plots for 283 villas is foreseen, plus luxury apartments around by the Royal Golf Course, for which the infrastructures are already being installed.

According to declarations by the Chairman of the group, Sander van Gelder, "this ambitious project (...) represents a relevant contribution to tourism in Portugal and for the economy of the country (...) creating many jobs and will bring a higher volume of work to suppliers and local businesses".

Details of the project

Vale do Lobo III will be constructed in an area surrounded by lakes and the magnificent landscapes of the Royal Golf Course, not limited only to a five star hotel, but equally aims to have "a variety of real estate solutions, including a condominium of apartments, linked and semi-linked villas and a diversity of plots for construction of detached villas", affirms Van Gelder.

The Chairman of the group further adds that "there will be born a new product in the bi-family format, where each choice of 12 plots will present two linked villas, but completely independent in themselves. With a modern and bold design, each of the buildings is composed of one T3 type villa and one T2 with excellent internal and external areas, as well as private swimming pools", he concluded.

Details of the protocol

The project further demands the existence of a protocol between the Vale do Lobo Group and the CCDRA - Commission for Co-ordination and Regional Development of the Algarve, the Director-General of Tourism and the Municipal Council of Loulé.

The agreement stipulates that Vale do Lobo "must execute or finance infrastructure works and installations of public interest, to complement the works to be undertaken in the resort, which will equally benefit the community", emphasises a source from Vale do Lobo.

The total investment of the Vale do Lobo Group of Companies in these projects and in other infrastructures amounts to 23 million euros.

source: regiao sul