09/07/2024

(re)portugal Showcases Studio JV’s Innovative Residential Architecture in Vilamoura

Original Publication: (re)portugal

Fercopor Invests in Second Luxury Project in Vilamoura

Less than a year after launching the Serenity project, Fercopor is doubling down on Vilamoura and the luxury housing segment. The real estate developer now introduces the Lumare development, featuring 62 apartments ranging from T1 to T4 Penthouse,https://reportugal.vidaimobiliaria.com/atualidade/construcao/fercopor-investe-segundo-projeto designed by Architect João Vieira. Fercopor plans to invest 100 million euros in both projects (Serenity and Lumare).

“The Algarve real estate market has always been dynamic, but there is increasing national and international demand for residential projects where criteria such as comfort and space dimensions are prioritized. Therefore, our focus has been on creating developments for those looking to reside or spend extended periods in this region—a unique profile in the Algarve with significant growth potential,” says Mário Almeida, Administrator at Fercopor.

Among the more than 60 apartments, six penthouses (two T4 and four T3) stand out. Labeled as Sky Residences, each features a spacious terrace and pool with sea views, with outdoor areas reaching up to 358 m². The interiors are also the largest in the development, reaching up to 195 m².

The luxury development also includes 56 additional apartments ranging from T1 to T3, following two distinct residential concepts. The Garden Residences feature private gardens within the apartment, while the Essence Residences emphasize the scale of both indoor and outdoor spaces.

All units also have exclusive access to a range of amenities, including a massage room, sauna, gym, and lounge. Of the total 7,794 m² of land, more than 30% is dedicated to condominium green spaces, highlighted by the central garden with an outdoor pool that unifies all the buildings.

Fercopor Plans to Announce Two New Launches Later This Year

In addition to Lumare, the developer is preparing to launch two new luxury housing projects later this year: one on Avenida da Boavista, near Porto’s City Park, and another in Vila do Conde. In Boavista, Fercopor is constructing three developments (Enlight, Pure, and Prisma), and in Vila do Conde, the Casa Verde project is underway.

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