The Mediterranean Residential complex is located in Iberostate Praia do Forte Resort. The residential area offers one to three bedroom homes, with 70 to 10 sq. m, at a price ranging between $320,000 and $550,000. The foreseen date for delivery of these homes is September 2013. The prestigious Spanish studio Alonso y Balaguer, and winner of the Contract World Award 2011, is behind the architectural project. The construction of a Shopping Center is also foreseen in this new phase, with restaurants, a medical center, pharmacy, shops and other services exclusively for residents. The owners of the first phase, comprised of 49 apartments and 25 houses, are already enjoying the exclusive services that Iberostate offers its owners, including the Beach Club, Green Fee discounts, laundry center, property rental, gourmet catering delivery, airport pick-ups, food supply before arrival, cleaning service, Internet and car rental, etc. The Iberostate Praia do Forte Complex also has, among other facilities, two 5-star hotels, a spa, a golf course, defined by players as "one of the best golf courses" and a Convention Center, which is fully operating.
Iberostate Praia do Forte has invested $500 million into the construction of homes, infrastructures and services. With an area of 216 hectares, the complex is located near the town of Praia do Forte. One of the first investments by Iberostate was the construction of the Ecovía (ecological road) that communicates the town and the residential complex.
This presentation was one of the big events at the exhibition, both for private investors and the general public. "At the end of the exhibition, we will be offering a 10% discount on all units. After the event and through the end of September we will continue offering a 5% discount. In October, the second phase of the units already sold will be closed within the price table," explains Javier Trinidad, General Manager of IBEROSTATE in Brazil. Without a doubt, a safe investment resulting in a huge success at the Bahia Real Estate Business Exhibition and one that can be financed up to 30 years through Santander Bank.