Home News Lone Star ditches Vilamoura World

Lone Star ditches Vilamoura World

Published on 04/10/2017

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.


© algarvedailynews.com

The above content produced by algarvedailynews.com is not intended for commercial use and may not be republished by third parties either wholly or in part unless permission is sought and granted and the source credited.