Image conscious vulture fund, Lone Star, which is in the middle of sensitive negotiations to acquire Novo Banco from the Resolution Fund – at a vast loss to Portugal’s taxpayers – has put its Vilamoura World development up for sale, including the marina.

Sales agency CBRE, which also is trying to punt the Salgados Praia Grande ‘eco-resort’ on behalf of MillenniumBPB, has been appointed to sell off the Vilamoura asset for the US fund, in parcels or as a job lot – either way, the Americans want out.

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