In a significant bid for tourism in the Iberian Peninsula, Kronos Real Estate Group announced a massive €700 million real estate investment in the Algarve region of Portugal and key assets in Madrid and Barcelona. This strategic move strengthens Kronos’ position in the real estate market and has profound implications for the region’s golf and tourism sectors.
Real estate investment in the Algarve
Kronos Real Estate Group will channel its investment into assets in strategic locations, including Madrid and Barcelona in Spain and the Algarve region in Portugal. This geographic diversification reflects Kronos’ vision to contribute to economic and tourism development in key areas.
Kronos’ investment will enrich the real estate landscape and positively impact tourism in the region. Madrid and Barcelona, known for their prosperous history and vibrant culture, will experience a boost in visitor attraction. In addition, the Algarve, famous for its golf courses and beautiful beaches, will benefit, consolidating its position as a top tourist destination.
A focus on the Algarve region
The Algarve region, a paradise for golf lovers, will benefit extensively from Kronos Real Estate Group’s investment. Thanks to its beautiful beaches and world-class golf courses, the region is already a popular destination for Portugal Golf Holidays. With more investment in tourism infrastructure, the Algarve will become even more attractive to national and international golfers.
Kronos investment plan includes the construction of over 450 homes in Vale do Lobo Golf & Beach Resort, including houses and apartments, which will be part of Valle Real and Vale de San Antonio, as well as the Vale do Lobo area. The project also comprises the construction of a 5-star hotel, representing an investment of €500 million in 10 years.
This significant asset from Kronos Real Estate Group will positively impact the region’s tourism and real estate investment, with Madrid, Barcelona, and the Algarve also set to experience a boost in visitor attraction. The move highlights Kronos’ commitment to economic development and opens new regional perspectives regarding sustainable tourism and balanced growth.
For more information about Kronos Group real estate projects, we invite you to visit https://kronosre.com/es/noticias/.
