September 21, 2012

Financially more interesting. Definitely much prettier.

There is a lot of established property at Praia do Bom Sucesso,
mostly built around 15 years ago, which means that the location has
mostly mature gardens trees and lawns which always looks more
pleasing to the eye than the concrete jungles of newer resorts.


The Royal Obidos golf course is up and running. This makes the beach
at Praia do Bom Sucesso, (sometimes known as Foz Gronho) a
financially more interesting and definitely much prettier investment
location on the West Coast of Portugal than inland resorts like
the Bom Sucesso design resort which is few miles up the lagoon.

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April 16, 2010

Royal Óbidos after MSF takeover is now opening May 2012.

Royal Óbidos is now projected to open May 2012 and has been a busy place since December 2009 presumably as a result of the takeover by MSF. Dumper trucks, diggers, mountains of dirt, sand and gravel are all moving to a grand plan in recent months and the golf course and roads are visibly taking shape.

Aerial view of Royal Obidos seen from south
Aerial view of the projected Royal Óbidos Spa & Golf resort

MSF has acquired the 50% stake that the Irish Oceânico group held in the Royal Óbidos Spa & Golf Resort, and MSF now holds the entire capital. As I reported in my post "Royal Obidos to start in the coming days" Royal Óbidos was then a joint venture between the Oceânico Group and MSF Tur.IM. But reports of a takeover started appearing in the media on the 16th March 2010 and was confirmed on the government business development agency website AICEP on 26th March 2010.

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August 15, 2009

Royal Obidos to start in the "coming days".

Royal Óbidos is a tourist venture which will offer "fractional ownership", located on 136 hectares between Praia D'el Rey and Bom Sucesso Beach on the Lagoa de Óbidos. It will "start" (arrancar), in the "coming days" according to a rather vague report in the Gazeta das Caldas two weeks ago. You can also see the report on the web site of the Municipality of Óbidos.


It is not stated in the article, but by "start" they presumably mean construction, because the sales office is already in place and they "started" a while ago. Arrancar is a verb which also means extract, uproot, pull out, and as I reported here in October 2008, the site clearance and uprooting of the eucalyptus trees was underway at that time. So, by my reckoning, the project "started" about a year ago.

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July 25, 2008

Royal Obidos - golf property development

Royal Óbidos Spa & Golf resort is being developed on Portugal's glittering Silver Coast, 45 miles north of Lisbon, close to Bom Sucesso beach.
Aerial view of Royal Obidos seen from south
Aerial view of the projected Royal Óbidos Spa & Golf resort
Royal Óbidos Oceânico Group

The 336 acre site, close to the medieval town of Óbidos, will include luxury apartments and villas set alongside an 18 hole championship golf course designed by Severiano Ballesteros.

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