According to a report by the Telegraph, the couple will be splitting their time between Portugal and their home in the UK.
A source close to the couple is reported to have said that “Jack is now working for Mike Meldman and they are splitting their time between Portugal and London”.
Mike Meldman is a business partner of Hollywood star George Clooney, who are also reported to be looking to buy in the Portuguese resort.
According to a report by ECO, George Clooney has been planning to buy a plot of land at the Costa Terra Golf & Ocean Club project, owned by Discovery Land Company. The company — led by Mike Meldman, a partner of George Clooney — acquired this project in 2019 from the Queiroz Pereira family.
Costa Terra was initially bought as a tourist project by Swiss businessman Andreas Reinhart who, at the end of 2008, sold it to Portuguese businessman Pedro Queiroz Pereira. The project stalled and in 2019 it was sold again to the Discovery Land Company according to ECO.
Discovery Land was founded by Mike Meldman, current President and CEO, and this is where George Clooney comes in. Mike Meldman and the Hollywood actor have been partners since 2013, the year in which, together with Mexican Rande Gerber, they founded Casamigos, a tequila company, according to Business Insider.
Initially, the plan for Costa Terra was to build three hotels, four tourist villages, 204 houses and a golf course, representing an investment of €510 million, according to Jornal de Negócios.
But the project ended up morphing into the Costa Terra Golf & Ocean Club, aimed at the premium luxury real estate market. In June, speaking to Discovery Life magazine, John Dwyer, CEO of Costa Terra, said that the current project includes the construction of 146 single-family homes, 29 residences belonging to the club, a health and wellness centre and a golf course.
According to ECO, a source in the real estate sector confirmed that George Clooney has committed to purchasing one of the plots at the club.