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
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