Comporta sale fails as Public Prosecutor keeps Rioforte assets frozen

comportaestate The sale of the Espírito Santo family’s ‘jewel in the crown,’ the Comporta estate, has collapsed as Portugal’s Public Prosecutor’s office refused to release the land for sale.

Despite receiving to go-ahead from the Luxembourg administrator of the collapsed Grupo Espírito Santo property offshoot, Rioforte, Pedro de Almeida from Ardma Imobiliária has run out of time and the 90-day period set out in the promissory contract now has expired.

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