With the acquisition of Carvoeiro Golfe in 1996, the Group took control of a project to develop 450 homes bordering the fairways and greens of the two golf courses Gramacho and Vale da Pinta. A project to build 200 homes at the Pestana Silves golf course has been approved and will provide continuity on sell out of the Pinta development.
Pestana Residences is a new group brand that incorporates real estate projects that Pestana develops, markets and sells. Besides the two real estate developments completed at the Pestana golf courses of Gramacho and Vale da Pinta in the Algarve, Pestana Residences has introduced a new exciting project: Pestana Atlantico Residenceson the stunning Alvor beach, near Portimão. A project of 72 apartments that are fully equipped and decorated. These apartments can be bought on an investment plan with a guaranteed return. The apartments are integrated into the 4 star Pestana Dom João II which operates and manages the apartments.