Please read original article from October 9, 2007 here.
Summary:
Acordo SGPS, the developer of Bom Sucesso Design Resort Leisure & Spa in Óbidos, has sold €50 million worth of units, with around 140 of the 500 sold so far going to English buyers. To strengthen its presence in this key market, the company has opened an office in central London to provide direct support to new and existing clients.
The project, featuring Portuguese architecture and technology, represents a €390 million investment and includes 1,072 units across three phases. The second phase, consisting of 250 units, will begin sales in February. Gonçalo Castelo Branco, Acordo’s director, estimates that the development will generate €45 million in tourism revenue upon completion.
See orignal article from Evening Standard Homes & Property 20th April 2005 here.
The article, titled “Portugal’s Shore Thing”, highlights Bom Sucesso, a new luxury development on Portugal’s Silver Coast near Óbidos, designed by some of Europe’s top architects. It describes the following key points:
1. Location and Vision:
Bom Sucesso is located six miles from Óbidos, a historic town near Lisbon. The project spans 160 hectares and aims to blend world-class contemporary architecture with the natural beauty of the area.
2. Unique Architectural Concept:
Fourteen renowned Portuguese architects, including Álvaro Siza Vieira and Eduardo Souto de Moura, were invited to design homes. Each property is unique, with a focus on individuality, simplicity, and harmony with the landscape.
3. Property Features:
• The project includes villas and townhouses with private or shared pools, gardens, and communal spaces.
• Prices range from €170,000 for townhouses to €1.1 million for luxury villas.
4. Development Amenities:
Planned amenities include a golf course, tennis courts, a spa, restaurants, and a hotel. The goal is to create a modern lifestyle destination.
5. Market Potential:
• Bom Sucesso is positioned as a high-end investment opportunity with demand from Portuguese and international buyers.
• Its developers aim to make it a landmark of modern architectural design in Europe.
The article emphasizes the project’s exclusivity, blending of tradition and modernity, and its potential to attract affluent buyers looking for unique, luxury homes in a scenic and culturally rich area.
Please read the full article at Publico, published December 1, 2004
Press Release Summary:
Bom Sucesso Resort in Portugal promises a unique and groundbreaking experience as it transforms 160 hectares of land next to the Óbidos Lagoon and the Atlantic Ocean into a “Design Resort Leisure, Golf & Spa.” The project involves 14 renowned Portuguese architects, including Álvaro Siza Vieira, Eduardo Souto Moura, and Carrilho da Graça, who were invited to envision residential projects for the territory, resulting in what is hailed as the largest exhibition of contemporary architecture in the country.
In the first phase, the project will feature 199 lots and 165 townhouses, showcasing a diverse array of designs. The architects were given creative freedom, with the only conditions being harmony in implementation and connectivity between projects while preserving the natural landscape. The resort, set to commence construction in the second quarter of 2005, aims to become the main reference in Europe for luxury real estate developments.
The development, occupying the former Quinta do Bom Sucesso, will offer an 18-hole golf course, spa, hotel, equestrian center, shopping area, football field, rowing and sailing club, tennis club, heliport, and facilities for animals. The projects emphasize respect for the landscape, with a unified theme of white as a nod to the region’s history. The resort is seen as a rare and enthusiastic collaboration among architects of various generations.
Concerns about excessive construction are addressed, with only seven percent of the 160 hectares to be occupied. The golf course, designed by architect Donald Steel, will open in January 2005, while other aspects of the project, such as the 180-room hotel, will adhere to contemporary architecture and maintain the region’s vegetation cover. The second phase, dependent on market demands, plans 142 individual lots and 99 townhouses. The overall investment is estimated at 250 million euros, expecting a population of 1,500 to 2,000 residents and the creation of 300 jobs.
