EDUARDO NETTO DE ALMEIDA President of CampoReal

Things are looking good at Westin CampoReal Golf & Spa Resort on Portugal’s sunny Silver Coast just 30 minutes north of Lisbon. After winning the four-star award for the Best Portuguese Development at the Bentley International Property Awards in 2005, the resort has been honored again with a four-star award in the Best Portuguese Property category. It was also presented with the five-star award in the Best Portuguese Golf Development category at the International Property Awards held in London in November 2006. Eduardo Netto de Almeida, President of CampoReal, explains, “From the very beginning we have succeeded in putting together a very professional management team for CampoReal’s overall development process, and I think we are being compensated for such an effort.”

Developed by Orizon Style & Real Estate Group, CampoReal’s management is in the hands of Westin Hotels & Resorts, a brand run by the group’s partner, Starwood, a major international hotel group.

In addition to its integrated offer, which includes villas, townhouses and apartments, a five-star Westin Hotel and Spa, a stunning 18-hole par 72 golf course, swimming pools, tennis courts and a state-of-the-art equestrian center, Westin CampoReal also boasts affordable prices. As Mr. Almeida points out, “Buyers and investors have concentrated on Spain, as well as France and Italy, both of which are much more mature markets. However, when they compare Portugal with other destinations and markets they see that we compare very favorably. They perceive value for money in what we have to offer.” However, he goes on to say: “Our prices are growing at a reasonable pace and I’m sure that they will catch up with other destinations as long as Lisbon continues to position itself as a tourist destination.”

Orizon Group has already acquired a similar sized property adjacent to CampoReal where it aims to continue its integrated development strategy together with Starwood. In fact, Orizon is looking to develop four to five other major projects simultaneously, which should in turn see the group become Portugal’s leading integrated residential real estate developer within five years.