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US-controlled property consultancy CBRE, has been given the job of finding a buyer for the Salgados – Praia Grande development between Galé and Armação de Pêra, Silves. This development until now has been owned by Finalgarve but now is being promoted by MillenniumBCP.
Finalgarve, an indigent property company, is 60% owned by the Galilei Group that was owned by the bankrupt and deeply corrupt Banco Português de Negócios that cost the taxpayer €1.8 billion in a botched bail-out.
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