Portugal's Martifer Group plans to invest up to EUR 800mln in the development of the Costa do Sal resort in Vagos, Northern Portugal. The Portuguese company wil develop a five-start hotel, a shopping centre, 500 apartments, and two golf courses in an area of 400 hectares. The project is carried out through a Public-Private Partnership between Martifer's holding Estia (50.1% stake) and the municipality of Vagos (49,9%).
Portugal's Martifer Group plans to invest up to EUR 800mln in the development of the Costa do Sal resort in Vagos, Northern Portugal. The Portuguese company wil develop a five-start hotel, a shopping centre, 500 apartments, and two golf courses in an area of 400 hectares. The project is carried out through a Public-Private Partnership between Martifer's holding Estia (50.1% stake) and the municipality of Vagos (49,9%).
The project represents the first turistic investment for Martifer, Portuguese newspaper Vida Imobiliaria reported.
