Launch of the new Iberostate Praia do Forte Mediterranean Condominium

1 Oct 2011

Iberostate Golf Villas & Condos puts up for sale the second phase of its luxury homes with the launch of the Mediterranean Condominium. Integrated into the Iberostar Praia do Forte Resort, the residential complex is comprised of designer apartments in a natural forest and beach setting with the beauty that characterizes this coastal area of Brazil.

The one to three bedroom apartments are between 70 sq. m and 100 sq. m with prices ranging between $320,000 to $550,000. Designed by the architects Alonso y Balaguer, this Spanish studio, winner of the Contract World Award 2011, is also responsible for the Arenas de Barcelona Shopping Center, the Olympic Village for referees and press in Brazil, the Rio de Janeiro Olympic Gate and the headquarters for the Brazilian Tennis Federation in São Paulo.

Mediterranean Condominium forms part of a new condominium concept: "A beach home with no hassles", including 24-hour security, conceived by the Iberostar Group Real Estate division. New owners will enjoy one of the best golf courses on the coast and other special services including the Beach Club, Green Fee discounts, cleanings services, food supply before arrival, airport pick-ups, etc... in addition to the benefits of using and enjoying the Iberostar Resort, located next to the condominium. In the first phase of the project, 49 apartments and 25 houses were sold, which will be delivered during the month of September. With the development of this new phase, with a foreseen delivery in September 2013, the construction of a Shopping Center has also began, which will offer restaurants, a medical center, pharmacy, shops and other services exclusively for residents. The General Manager of IBEROSTATE Brazil, Javier Trinidad, stated that “With the launch of the second phase we've reached one of our goals, the consolidation of the company.”* It is estimated that by the end of the year, around 65% of all units will be sold.

The official presentation of the project was held on August 25*. A lunch was offered and was attended by the main communication means of Salvador de Bahía and in the evening a party was held in the convention center for professionals of the sector (400 agents attended). The next event will be held during the inauguration of the Real Estate Business Exhibition held in Salvador de Bahía from August 31 through September 4. They have announced that discounts up to 10% during the exhibition will be offered.

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