What are your activities?
We develop and manage resorts, hotels and health & fitness. Five years ago we launched Tróia Resort, our most important development with investment of 300 million euros. Facilities include a 18-hole golf course, a marina, classified Roman ruins, five-star hotel with casino, four-star hotel, sports facilities, restaurants and shops. The first two real estate options – the central area and a beach with houses, villas and plots – are ready. We have started five others: a hotel by the golf course, an eco-resort, two other hotels, a residential area and a second golf course.
Can Tróia become a new Algarve?
Tróia is a perfect alternative, less than an hour from Lisbon. It is on a peninsula bathed by the Atlantic Ocean and the Sado estuary, with golden beaches and a preserved environment for outdoor activities.
What does Tróia offer Chinese investors?
Besides lifestyle there is a financial benefit. We manage investors’ houses for tourist accommodation 32 weeks a year, with a guaranteed return of up to 6% per year for three years. Property prices are equal to 2009 and due to increase. So far we have sold 288 units. In 2013, we sold 67, mainly to foreign investors.
What could you offer a Chinese partner?
Sonae has extensive experience in China. Sonae Sierra, another group company, has a joint venture with CITIC Capital, so we know the right people. Tróia Resort is fully approved and free of licensing problems. The investor can buy the plot and invest or, if they prefer a joint venture, we share both risks and profits.