According to the statement, “this will conclude a long work of negotiation and formalisation of the acquisition process that will allow the development of an entire region, creating jobs, high quality tourism, all in a context of respect for life, ecosystems, and future sustainability”.

In the same note, the winning consortium of the process added that “the public deed was signed at the premises of Deloitte Consultores, the entity that supervised the tender process started in August 2018”.

The signature was scheduled for 28 October, but was postponed until last week, according to an official source. The delay was related to the fact that “the procedures related to administrative easements are being finalised,” i.e., limitations in favour of other entities in the region, noted the same source.

The general meeting of participants from Herdade da Comporta approved on 27 November last year the sale of the property’s assets to the Amorim/Vanguard consortium.