Log in

Login to your account

Username *
Password *
Remember Me

Create an account

Fields marked with an asterisk (*) are required.
Name *
Username *
Password *
Verify password *
Email *
Verify email *
Captcha *

vilamouraImage conscious vulture fund, Lone Star, which is in the middle of sensitive negotiations to acquire Novo Banco from the Resolution Fund - at a vast loss to Portugal’s taxpayers - has put its Vilamoura World development up for sale, including the marina.

Sales agency CBRE, which also is trying to punt the Salgados Praia Grande ‘eco-resort’ on behalf of MillenniumBPB, has been appointed to sell off the Vilamoura asset for the US fund, in parcels or as a job lot - either way, the Americans want out.