New property solutions

The Royal Obidos Golf Resort (Silver Coast – Portugal) will be one of the two ventures of the group Ocean in Portugal that will adopt a new solution of fractional ownership, in which it will be possible unlimited use of housing and services associated within the group.

This solution, called Prestige Fractional Ocean, is also available for residential units of Vilamoura Golf Resort & Garden and will be presented in London.

In traditional fractional ownership acquired the property can only be used on specific dates, being unavailable the rest of the year to be leased and explored.

In this alternative to each "villa" are associated eight owners, who may use unlimited, more flexible, units of five stars of the group Ocean, and access to concierge service, transfers, a golf club, among others.

This flexible fractional ownership already has been practised since 1992 in the USA, where the group Ocean as part of this solution provides the Little River Golf & Resort (in North Carolina).

In the Portuguese market, the flexible fractional ownership will be available in Vilamoura, from 250 thousand euros per fraction, and in Obidos, from 175 thousand euros per fraction,

The Royal Obidos Golf Resort is a partnership between the MSF and the Ocean Group, has been classified by the Portuguese Agency for Investment with the status of Project of National Interest (PIN).

The venture will have a golf course designed by Severiano Ballesteros and includes a hotel and holiday villages of four and five stars. It is still scheduled to be built with a club-house facilities for leisure, golf academy, tennis club, Spa and Health Club, multipurpose sports area, country club with room for nursery and children's games, cyber cafe, library, restaurant and bar and shopping.

Built on an area of 130 hectares, the Royal Obidos provides for the construction of 620 residential units and 2,252 beds, whose development will be divided into several phases. The planned total investment is 160 million.