The Future
Contents 1.
Vigia Group structure
2.
Vigia’s flagship resort – Parque da Floresta
3.
Vigia Group resorts – Algarve
4.
Vigia Group resorts – Alentejo
5.
Detailed property information
6.
Socio-economic breakdown – profile of Vigia owners
7.
Vigia Group – the future
Vigia Group structure 1 · V i gi a
After significant investment, Parque da Floresta is now their Flagship development and the western Algarve’s premier golf and leisure resort. Here, villas and village houses nestle into folds in a landscape that cradles what is arguably Europe’s most picturesque 18-hole, par 71 course. Today the Group owns and operates eight resorts in the western Algarve; Parque da Floresta, Quinta da Encosta Velha, Quinta da Fortaleza, The View I & II, Quinta do Montinho, Quinta da Aldeia and Quinta de São Roque.
In answer to demand for second home country property, Vigia has launched a similar product in the heart of the Alentejo – Parque do Redondo is the company’s new lakeside golf and leisure resort. Vigia has a property portfolio with something to offer everyone, with villas and village houses in golf, beach and country locations, all of which are testament to Vigia’s award-winning heritage. The Group’s focus on objectives and competitiveness means that every operation launched has been a success story.
S tructure
Vigia’s activities began in the region in 1993 with the purchase of Parque da Floresta.
Group
Privately owned European consortium, the Vigia Group, is individually owned by 4 wholly owned Trusts and specialises in building and managing luxury property developments. Their initiatives and attention to detail have not only secured their own credibility but have also encouraged both developer and consumer confidence in the western Algarve.
S tructure Group
2002
2003
2004
100%
Extremoeste CS €50,000
12.5%
Golf Sto.Antonio CS €3,000,000
2005
1
·
V i gi a
2001
87.5% 100%
Quinta Colina CS €250,000
49%
VIGIA SGPS SA CS€30,000,000
Terrester CS €1,821,000
0.01%
Vale Raposa CS €50,000 33.69%
25%
Lematur CS €124,699.46
50%
75%
Salemoreis CS €2,000,000
100%
RCL CS €155,486
Aldeia Branca CS €200,000
1 · V i gi a Group
Group Financial Information
Vicentino’s Trattoria 402
Projected sales turnover 2007
36,000,000 euros
Italian dishes, including home-made pizzas, fresh pastas with special signature sauces. Blue Lagoon Poolside restaurant has a Mediterranean style with a ‘Creole’ flair.
Restaurants Global Food and Beverage Turn Over (euros) 2006
Covers
2007 (Dec forecast)
1,661,009
1,875,000
-69,187
242,500
TBA
TBA
8 Restaurants with in the PDF GOLF and BEACH area incorporating Salema and Fortaleza (all with in 2-5kilometers of the main resort centre).
A Taberna A La Carte menu in the evening and light meals and snacks during the day. A Prancha Beachside juice, salad, burger and pizza bar. Opens spring 2008 The View 1 Bistro & bar and restaurant. Opens spring 2008
O Parque An appetising blend of international cuisine combined with traditional local ingredients.
Vigia Group Golf Information
Spike Bar
Rounds
Golf sports bar serving wholesome, savoury snacks and light meals.
Turn over
Blue Wave Beach Bar An attractive cabin-style restaurant specialising in fish, where you can enjoy lunch or dinner, while taking in the views of the Atlantic Ocean.
EBITDA
2006
2007 (Dec forecast)
31,726
33,500
1,521,026
1,670,159
256,592
264,512
S tructure
Number of persons employed
2
·
V i gi a’s
fl a g s h i p
re sor t
Vigia’s flagship resort – Parque da Floresta
In 1985 architect Pepe Gancedo began designing the Parque da Floresta Golf course and completed the task in 1987 making it the most south westerly course in Europe. The Vigia Group purchased Parque da Floresta in 1993. After significant investment, Parque da Floresta is now the Group’s flagship resort and offers an extensive and diverse portfolio of properties with options to suit many age groups and lifestyles. Four ‘villages’, aesthetically linked by their Moorish Algarvean architecture are located around an 18-hole, par-71 golf course. The first, second and fourth phases of development have been successfully
completed, the third is now nearing completion. Buyers have the choice of plots, villas or village houses, many with private swimming pools. The total area of the resort is 600 hectares including sister resorts Quinta do Montinho & Quinta da Encosta Velha and the construction density is 8% with no properties more than two storeys above ground level.
• The old Golf Village was completed in 1999 (103 properties) • Phase one was completed in 2000 (79 properties) • Phase two was completed in 2002 (52 properties) • Quinta do Montinho was completed in 2001 (49 properties) • Phase four (Quinta da Encosta Velha) was completed in 2007 (151 properties) • Phase three due to be completed in 2008/2009 (83 properties) • Bordering the Costa Vicentina Nature Reserve and just minutes from the coast, the resort of Parque da Floresta is less than an hours’ drive along a new motorway from Faro International Airport while the city of Lagos is approximately 15 minutes drive. • The old fishing village of Salema with its fabulous beach, bars and restaurants is just 2.5 kilometres away. • Extensive on-site facilities, ranging from a golf academy and lawn bowls club to a health and beauty spa and activity clubs for kids, provide residents with the complete resort lifestyle.
Parque da Floresta 2
Golf Academy & Driving Range
·
Quinta do Montinho Bowling Club
Quinta da Encosta Velha
Golf Reception Club House Sales Office Spike Bar O Parque Restaurant
Reception Vicentino’s Trattatoria Tennis Academy
Parque da Floresta facilities • Parque da Floresta 24 hour reception
• Floodlit tennis courts
• Quinta da Encosta Velha 24 hour reception
• O Parque à la carte Restaurant
• 18 hole golf course • Golf Academy • Owners 50% green fee reduction at Parque da Floresta‘s golf course • Health and beauty spa • Gymnasium • Exercise studio • Personal trainer • Relaxation suite, sauna, steam room, spa pool, and an indoor heated pool. • Outdoor heated pool complex with children’s pool • Children’s play area • Floresta Fun Club • Activ8 for 11-16 years olds • Parque Football Academy • Scuba diving • Championship bowling green
• Spike bar
• Blue Lagoon poolside Restaurant • Vicentino’s Trattoria • Blue Wave Beach Bar • A Taberna Restaurant • A Prancha Restaurant and Bar • Seasonal shuttle bus to beach & Blue Wave bar • Castaways Fun & Games Bar • Scoops Ice cream Parlour • Conference & Wedding Centre
resor t
A Taberna Castaways Conference Facility Reception Football Pitch
fl a g s h i p
Budens
V i gi a’s
Spa Floresta Blue Lagoon Restaurant
Quinta do Montinho
Quinta da Encosta Velha
Golf Village
Golf & Leisure Village
3
·
V i gi a
Group
R e s o r ts
–
Al g a r v e
Vigia Group resorts – Algarve
Well appointed superior accommodation two and three bed village houses
The Village
• Communal pool including a children’s pool with sunbathing area and changing rooms are available all surrounded by landscape gardens.
Comprises 151, two and three bedroom townhouses in a modern interpretation of an older style of Portuguese architecture. The develpment has its own reception, restaurant and two bars. Five heated outdoor pools, as well as a conference facility.
The Resort
The Villas
Total area – 21,120 square metres Quinta do Montinho was completed in 2001 Construction began 1994
Comprises 83, three, four and five bedroom villas with pools, set high on a commanding hillside, overlooking the front nine holes of Parque da Floresta, with spectacular views of the Parque da Floresta golf course, the barlavento countryside, and sea in the distance.
• Within walking distance of the quiet village of Budens.
Properties Resale prices from €245,960
The Resort Construction started in 2001. The development was completed in 2006. Properties Prices for village houses start from €400,000 - €600,000, villas from €850,000 to €2,000,000
3 · V i gi a Group R e s o r ts –
The View II, Salema
Beach Village Resort
Beach Village Resort
Comprises of 55 two and three bed village houses with roof terraces and optional jacuzzis. The site is naturally tiered so that the majority of homes command spectacular views over the beach and ocean beyond. All properties are finished to a high specification with contemporary products and appliances from prestigious brands such as De Dietrich and Porcelanosa. The homes have fully fitted kitchens that include: washing machine, dishwasher, hob, oven, fridge/freezer and microwave. Owners of the properties at the The View will enjoy the benefits of a communal heated swimmimg pool, along with the sporting and leisure opportunities available at Parque da Floresta Golf & Leisure resort. Salema beach is just a short walk away. This charming village snuggles beside the ocean and a sandy beach. Salema boasts a handful of shops, restaurants and bars doted amongst white- washed fishermen’s cottages.
The View 2 at Salema will comprises of 114 luxurious two and three bed village houses-the majority of which feature spacious roof terraces. The properties will be beautifully constructed to the highest standards of design and finished to the finest specification with contemporary products and appliances from prestigious brands such as De Dietrich and Porcelanosa. Facilities • Communal pool • Use of the neighbouring unique glass covered indoor/ outdoor swimming pool, Jacuzzi, sauna and steam room along with outdoor tennis courts and poolside bistro and bar. • Salema beach is just a short walk away. Forthcoming Facilities • Reception • Outdoor heated pool
Facilities
• Discount for owners on green fees at Parque da Floresta’s golf course.
• Reception
• Poolside bistro and bar
• Outdoor heated pool
The Resort
• Discount for owners on green fees at Parque da Floresta´s golf course • Poolside bistro & bar
Total area – 39,880 square meters Construction began in October 2007 Completion anticipated in 2010
Properties
Properties
Outright 2 and 3 bedroom from €450,000 Fractional four season 2 bed from €119,000 Fraction quarter share from €158,000.
Outright 2 and 3 bed €457,000 Fractional quarter share €162,500
The Resort Total area – 20,838 square metres Construction began – August 2005 Development due to be completed in December 2007
Al g a r v e
The View I, Salema
Al g a r v e – R e s o r ts Group V i gi a
Quinta de São Roque
Beach Resort
Beach Resort
3
·
Quinta da Fortaleza
Quinta da Fortaleza comprises of 138 plots all located in a peaceful setting between the pretty villages of Salema and Burgau. The beach villas take advantage of their elevated location. A selection of contemporary three and four bedroom luxury homes and linked villas nestle into the hillside. Spacious accommodation is spread over two and three stories. All are fitted with high specification and fully fitted kitchens with De Dietrich appliances. Fixtures and fittings through out the villas are carefully chosen for quality and style and beautiful landscape gardens. To capitalise on the fantastic outdoor living, there’s an abundance of patios and terrace, lots of decking and spacious airy courtyards with swimming pools. Facilities • Blue Wave Beach Bar
Qunita de Sao Roque boasts breath taking views of the golden sands of Meia Praia Beach in Lagos. The development comprises of spacious village houses and apartments either with or without seaviews. There are two ground floor pools and 2 penthouses which are further enchanced with Jacuzzis on their terraces. A short stroll away is the magnificent Meia Praia beach, one of the longest stretches of sand on the Algarve, where several beach bars offer the ideal location to sample freshly caught grilled fish or simply enjoy a relaxing drink. Only three kilometres away you will find the historical town Lagos which successfully combines old world charm with modern. The Resort Total area: 22,280 square metres Construction began in 1999 The development was completed in 2002
• Owners 30% green fee reduction at Parque da Floresta’s golf course
Properties
• Reception
Total units: 56
• Beach Retreat
2, 3 and 4 bed apartments and 17 village houses
• Tennis Courts
2 and 3 bed resale apartments only prices from €310,000 Fractional quarter shares from €117,000 Fractional twelfth shares from €27,125
• Outdoor heated communal swimming pool The Resort Total area 840,380 square metres Construction began in 2005 Development completion anticipated in 2010/2011 Properties Outright 3 and 4 bed villas from €750,000 Fractional quarter share (4 bed) €325,000 Fractional quarter share 3 bed linked villas from €235,000 Fractional twelfth share 4 bed villas from €81,375
Vigia Group resorts – Alentejo 4 · V i gi a Group R e s o r ts –
Golf & Lakeside Resort
Parque do Redondo Lakeside Golf & Leisure Resort stretches along the shores of Lake Vigia in central Alentejo, just over one hour’s drive east of Lisbon Airport. The resort consists of 254 luxury villas and tourist apartments built to the highest standard of aesthetic design and construction by leading developer – The Vigia Group. Each features high specification, contemporary products from market leading brands such as Miele and Porcelanosa. They overlook the lake yet are far enough away from each other to ensure their retreat remains private. Owners can walk directly from their courtyards and gardens into the spectacular open countryside.
Forthcoming facilities • Reception area • Driving range • Children’s & adult pool • Theatre • Children’s playground • Small marina • Clay pigeon shooting • 18 hole golf course • Health & Fitness Centre • Tennis courts • Water sports • Horse-riding • Fishing • 5-star hotel The Resort Total area: 672.135 square meters Properties Total units: 254 A mixture of Villas with private pools, linked villas with private pools and touristic apartments Outright villas from €457,000 Linked villas from €399,950 Apartments from €390,000 Fractional Linked villas from €155,000 – Quarter share
Al e nt e j o
Parque do Redondo
Built
sold
Parque da Floresta Golf and Leisure resort Original Golf village 103 GVHS
70% 2bed 30% 3bed
110 sqm 140 sqm
yes yes
100% 100%
60% 3bed 40% 4bed
200sqm 250sqm
yes yes
100% 100%
55% 3bed 35% 4bed 10% 5bed
200sqm 250sqm 300sqm
yes yes yes
100% 100% 100%
40% 3bed 45% 4bed 15% 5bed
200sqm 250sqm 300sqm
yes yes yes
85% 85% 85%
55% 2bed 45% 3bed
110sqm 140sqm
yes yes
100% 100%
50% 2bed 50% 3bed
110sqm 130sqm
yes yes
100% 100%
15% 3bed 50% 2bed 35% 3bed
170/180sqm 125sqm 140sqm
yes yes yes
85% 85% 85%
70% 2bed 30% 3bed
120sqm 135sqm
yes yes
100% 100%
65% 2bed 35% 3bed
120sqm 135sqm
UC UC
60% 60%
40% 2bed 50% 3bed 10% 4bed 100% 2bed
110sqm 160sqm
yes yes yes yes
100% 100% 100% 100%
Villas with Individual pools Phase 1 79 Villa/pools Phase 2 52 Villa/pools
Phase 3 83 villas/pools
5
·
Detai led
Prop e r ty
Inf o r m a t i o n
Detailed property information
Quinta do Montinho 49 village houses
Quinta da Aldeia 27 village houses
Quinta da Encosta velha 151 properties 6 villas + 21 linked villas 124 village houses
The View Projects Salema The View 1 55 village houses The View 2 114 village houses
Quinta de sao Roque – Lagos 39 Apartments
17 village houses
110sqm
Quinta da Fortaleza – Parque da Floresta beach development 14 Linked villas 124 villas/pools
10% 3bed 50% 3bed 40% 4bed
160sqm 205sqm 235sqm
yes 50% 50%
90% 50% 50%
254 properties + 1 hotel 5-star (100 rooms) 105 apartments 35% 3bed 65% 1-2bed 57 linked villas 100% 3bed 92 villas/pools 15% 2bed 55% 3bed 30% 4bed
150sqm 90-120sqm 190sqm 140sqm 210sqm 250sqm
no no 50% no no no
0% 0% 25% 0% 0% 0%
Parque do Redondo
Socio economic breakdown – profile of Vigia owners 6 · S oci o Economi c b r e a kd o wn
During the 15 years of growth there has been a slight change in the socio economic profile of its owners, Previously the profile was AB’s, the group is now attracting C1 and C2 buyers fuelled by the huge growth in equity in their UK properties and the broader availability of different types of property. The development of a fractional freehold product has enabled a more younger profile of buyer who are now able to get on the overseas property ladder.
Living in Portugal all year, part year. Holidays only. Owners all year Part year Up to 6 weeks
6% 8% 84%
7
·
Pa rque
da
F l o r e st a
–
T he
Future
Parque da Floresta – the future
PDF West
Sesmarias
Situated to the west of the existing flagship resort of PDF is PDF west, providing a diverse mix of new properties for sale. These will include 207 apartments, 100 village houses and a further 47 villa plots. All properties will have views east towards Pdf and south to the sea.
Located directly north of PDF and north east of Sinceira is Sesmarias. Home for an 18 hole championship golf course Sesmarias will provide a spectacular 150 bedroom apart hotel. Surrounding the stunning course will be 465 apartments, 150 golf village houses, 140 golf village plots and 198 tourist villas offering a wide choice of varying accommodation.
PDF Golf 2 North of the existing PDF resort, PDF2 will provide a spectacular 18 hole championship golf course and club house. Located discreetly around the course will be 185 apartments, 170 golf village houses, a further 60 golf villa plots and 63 tourist villas. Central to PDF2 will be a 200 room luxury hotel and 200 suite apart hotel.
Sinceira Located in spectacular rolling countryside north west of PDF is an area known as Sinceira. The natural terrain will allow 27 holes of golf to nestle neatly in the hillside. This will provide a home for 405 apartments, 440 village houses, a further 222 golf villa plots and 48 tourist villas. Central to the area of Sinceira will be a boutique style hotel providing 150 suites.
Boco do Rio Sesmarias
Sinceira
Boca do Rio A sensational marina development which will be the envy of all Europe. Central to Boca do Rio will be the marina itself providing 400 berths. Meandering down the valley beyond the marina will be a charming 18 hole golf course and clubhouse. Within the marina will be a mix of retail and restaurants as well as 735 apartments. Located on the hillsides surrounding the course will be 410 golf village houses and 274 golf villa plots. Finally 79 plots are reserved for tourist villas along side a 220 bed hotel.
PDF West
TOTAL
Apartments
735
465
405
PDF Golf 1 PDF Golf 2 0
185
207
1997
Village Houses
410
150
440
302
170
100
1572
Villas
274
140
222
214
60
47
957
Tourist Villas
79
198
48
—
63
—
388
Total
1498
953
1115
516
478
354
4914
Hotel Beds
220
—
150
220
200
—
790
Apart Hotel Beds
—
150
—
—
200
—
350
Marina Berths
400
—
—
—
—
—
400
Golf Holes
18
18
27
18
18
—
99
7 · Parque
Sesmarias
da F l o r e st a – The
Sinceira
Future
Parque da Floresta Golf 2 5
EN12
Parque da Floresta Golf 1
Budens
Raposeira Parque da Floresta West 5
12
EN
Figueira
Boca do Rio
Salema
Parque da Floresta, Vale do Po莽o, 8650-060 Budens, Algarve, Portugal Tel: + 351 282 690 073 路 Fax: + 351 282 690 068 Email: sales@vigiasa.com 路 www.vigiagroup.com