Oceânico Launches Phase 2 of Amendoeira - with 7 Golf Course Membership

Investors can now receive membership of seven top Algarve courses through their Amendoeira property purchase

[ClickPress, Mon Apr 30 2007] Phase 2 of the five-star Amendoeira Golf Resort, which features courses designed by Nick Faldo and Christy O’Connor Jnr, will be released on 15 May by the Oceânico Group, with an exclusive offer for investors to gain membership of seven world-class Algarve golf courses.

The second phase of the €500million development sees purchasers receiving membership of the two golf courses at Amendoeira, together with the Vilamoura courses of Victoria, where the Portugal Masters will be held from 2007 to 2009; Laguna; Millennium; Old Course and Pinhal.

The exclusive offer comes following the Oceânico Group’s acquisition of the five Vilamoura courses in March this year, and makes Oceânico the only company in Europe to offer membership of so many leading golf courses as part of a property purchase.

Phase 2 of the Amendoeira Golf Resort will continue the development of the 640-acre Amendoeira site near Silves, four miles inland from the Algarve coastline. The Phase 1 launch saw 60% of the properties sold on the first day, with completion of the first properties and two golf courses scheduled for spring 2008.

The newly released properties offer a mix of 92 two & three bedroom apartments, 12 three-bedroom villas, and 12 of Oceânico’s new Prestige properties. Prices for the apartments start from €495,000, with a choice of two-bedroom apartments, some with mezzanine floors, in the resort’s Oliveira village. The three-bedroom villas in Monte Mimosa start from €950,000, while the exclusive Prestige properties on the Rua do Ouro, are priced at around €2million.

Commenting on the launch, Simon Burgess, director of the Oceânico Group, said: “With Oceânico’s purchase of the five courses at Vilamoura earlier this year we have created the best golf and property investment opportunity in Europe. No other company can offer membership of seven golf courses, each designed by a top golfer or golf course designer.

“With the launch of Phase 2 of Amendoeira we are offering investors an opportunity to own a property in Portugal that combines the finest design and build quality with unsurpassed golf and leisure facilities. The location is stunning, with the whole development created to complement the local environment, while Faro airport is just 35 minutes away. Phase 1 of the development has proved extremely popular with investors, and Phase 2 will build on this.”

The Portuguese Investment Agency, appointed by the Government, recently recognised the Amendoeira Golf Resort as a ‘project of national interest’ for its excellent environmental standards and impact on the local economy.

In addition to the golf courses, the Amendoeira Golf Resort will also feature a golf academy and driving range, an international standard tennis club, bowling greens, football and multi-sport facilities, a clubhouse, and Vila Amendoeira, which includes a wide range of children’s facilities.

For more information on Amendoeira, Vilamoura golf courses and the Oceânico Group visit www.oceanicogroup.com.


About Oceânico Group
Oceânico Group is one of the leading property developers and golf operators in Portugal. The Group consists of Oceânico Developments, Oceânico Golf and Oceânico Resorts & Leisure.

Oceânico Developments is the market leader in high quality property developments in Portugal. Specialising in creating luxury four and five star residential and holiday homes, the company’s fully completed developments include Jardim da Meia Praia near Lagos and Estrela da Luz in Praia da Luz. Developments currently under construction include Belmar Spa & Beach Resort, overlooking Porto de Mós beach; Quinta do Monte Funchal on the prestigious Funchal Ridge; Vila Baia in Praia da Luz; and Amendoeira, a €500 million golf resort in the district of Silves. Future golf developments are being finalised on Portugal’s Silver Coast in Óbidos, and Azores Golf Islands in the Azores. Oceânico Resorts & Leisure manages the range of developments to four/five-star luxury standard, and offers holiday rentals at the properties.

Oceânico Golf oversees the management and operations of the Group’s golf courses. This currently includes the Azalea and Cedars courses in the Azores, the Nick Faldo and Christy O’Connor Jnr courses at Amendoeira Golf Resort near Silves (opening May 2008), and now five renowned courses in Vilamoura (The Old Course, Victoria, Pinhal, Millennium and Laguna). Oceânico Golf will also manage the Group’s new Royal Óbidos golf resort, which will feature a course designed by Severiano Ballesteros.

For further information visit www.oceanicogroup.com

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