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Lagos will have a new resort in Meia Praia: Sonae Sierra and PGIM invest 60 million

Summary by Publico
The project will be on the “first line of the beach” and, between hotel and apartments, there will be 158 accommodation units.
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PublicoPublico

Lagos will have a new resort in Meia Praia: Sonae Sierra and PGIM invest 60 million

The project will be on the “first line of the beach” and, between hotel and apartments, there will be 158 accommodation units.

·Portugal
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echoboomer.ptechoboomer.pt

Algarve receives new luxury development with investment of more than 60 million euros

The luxury resort in Lagos will have a construction area of about 17,000m2 and will begin construction in the first quarter of 2025. Sierra, in collaboration with PGIM Real Estate, is developing a luxury project in the Algarve, more specifically in Lagos, in Meia Praia. The project, which will include both a hotel and apartments, will be located on the beachfront and will provide a unique experience, with the support of one of the leading intern…

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Jornal de NegóciosJornal de Negócios

Sonae Sierra will invest 60 million in a luxury project in the Algarve with Americans

After the acquisition of a newly opened Hilton in Porto, this is the second investment of the Portuguese group's “joint venture” with PGIM, which foresees the construction of a “resort” with 158 units - including hotels and apartments - in Meia Praia, in Lagos.

·Porto, Portugal
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Jornal de Negócios broke the news in Porto, Portugal on Monday, December 16, 2024.
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