€600m golf resort now a beautiful ghost estate'

High-profile golfers are among investors set to lose heavily on Portugal’s Amendoeira resort, write Róisín Burke and Fearghal O’Connor.

15th June, 2014
Amendoeira golf course in Portugal: Portuguese courts are working through its debt issues . Picture: PA

Investors in a luxury €600 million Portuguese resort venture – that was launched in a flurry of sports celebrity endorsement during the boom – are being pushed to accept a deal that would see them get just 10 per cent of their money back. Amendoeira was one of several resorts developed by Oceanico in Portugal and was launched in 2005, boasting courses designed by golf legends Nick Faldo and Christy O’Connor Jr.

According to a...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago