Rockstone to invest €250 million in Portugal

The German developer Rockstone is to invest over €250 million in Portuguese real estate over the next few years to take advantage of the “golden decade” that the market is enjoying.

Rockstone is currently developing the Atlantic Club Comporta (pictured)  next to the beaches of Carvalhal and Pego, with 24 villas with areas of up to 700m2 and pools, spread over 15 hectares of land, including a reception house, lounges, and a restaurant in an investment of over €129 million.

These houses are inspired by traditional fishermen’s cabins and the cottages of agricultural laborers of the region, and are designed by Jacques Grange with landscaping from Madison Cox.

Dietrich Rogge, founder and managing director of Rockstone says in a communiqué that “Portugal has succeeded in establishing a brand with a position of excellence that is recognised internationally. You only have to look to the United States where they call us the ‘California’ or ‘Hamptons’ of Europe, and that’s something unique.”

Rockstone also has another project in Melides, although Lisbon, Porto, and the Algarve feature among its future projects.

Rogge says the club concept in Comporta is actually a combination of two realities. “Here we’re combining services of excellence and exclusivity in a hybrid concept of housing and hotel facilities”.

Half of the units are sold, mostly to overseas clients. The first phase of the project was delivered over this summer.”

Source: Rockstone