With this sale, the company completes the sale of the portfolio it acquired from the Oceânico Group in 2018, upon its entry into Portugal.

According to the company: “During this period, Kronos Homes repositioned the development, completed the requalification of the resort's infrastructure, remodelling the Clubhouse, terrace, restaurants, Sports Center Bar, and also reinforced the resort's sports offer with the inauguration of two Padel courts.

“The refurbishment of the Amendoeira Golf Resort and Kronos Homes' strategic plan for the resort also resulted in successful real estate sales, with the sale of a total of 241 properties (apartments and villas) to national and international clients#.

Rui Meneses Ferreira, partner from Kronos Homes in Portugal said: “It is with great satisfaction that we conclude this transaction, which is another milestone in Kronos Homes' strategy in the Portuguese market and recognition of the work we have carried out in this resort. We are certain that the Rolear Group will now enhance the strengths of the Amendoeira Golf Resort, which has always excelled in the exceptional quality of its golf courses, privacy, low building density and natural beauty - characteristics that are so highly valued today”.

Eng. Parreira Afonso, Chairman of the Board of Directors of the Rolear Group, said: “The Amendoeira Golf Resort, with its various components – tourism, sports and real estate – represents immense potential for development, where the Rolear Group can play a key role. This investment allows us to put on the ground all the innovation and technology that characterise the organisation's activities, namely in the area of renewable energies and energy efficiency.”