The acquisition was made by an affiliate of the Lone Star Real Estate Fund III, Corporación Betic held by Catalunya Banc, and Algarvetur, with the amount involved in the transaction not being disclosed but being described by Lone Star as being “the largest real estate transaction made in Portugal this year, and one of the biggest since the crisis began”, according to a statement delivered to Dinheiro Vivo.

Read more about the developments in Vilamoura in The Portugal News - Out tomorrow, 2 April