Ocianico Signs Up Seve

Portuguese specialist Oceanico Developments has announced that it is working with Spanish golfing legend Seve Ballesteros to develop a world-class golf resort near Obidos on Portugal’s Silver Coast. The Royal Obidos resort, scheduled to be launched to the UK in May 2007, will be spread over 130 hectares. It is just over half a kilometre from the coast and will involve an investment of some €250 million (£169 million).

The project will feature a championship course designed by Seve himself, as well as a wide range of luxury properties including a five-star condo-hotel and an array of villas and apartments. Facilities will include a spa, gym, sauna, Turkish baths, swimming pools, tennis courts, a range of restaurants and a conference centre.

Simon Burgess, a director of Oceanico Developments said, “This region of Portugal is one of the most stunning and offers a superb investment opportunity. Accessibility has improved dramatically over the last couple of years, with more flights than ever before into Lisbon and the improved road network making the region easily accessible for a weekend break. By working with [construction giants] MSF and Severiano Ballesteros, we are ensuring a resort that offers the highest quality, stunning design and world-class facilities. The location is also second to none, with historic towns, great water sports, and unspoilt beaches all within easy reach. With prices here more affordable than the Algarve, and steady growth in the property market, the region offers a strong investment in terms of both rental return and capital growth.”

Posted on: Portugal

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Ocianico Signs Up Seve

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