Hibiscus Gardens

 Residential resort with 39 units in the Algarve, Portugal  

• Distressed acquisition of a bank repossessed resort with 39 units, 3 swimming pool areas, parking spaces, a playground, gym and garden areas

• The asset is situated in Carvoeiro, Algarve, a popular holiday location with a cluster of nearby hotels, golf courses, and beaches nearby

• Refurbishment and operations are being undertaken with leading specialist local operating partners

• The resort was newly-built by a developer in 2011 but then left vacant for over 4 years and has significant value-add to be realised from renovation and repositioning