News round-up

Irish overseas property company Oceanico is to acquire all five golf courses at the Vilamoura estate on the Portuguese Algarve from Lusotur Golfes.

10th March, 2007

Irish overseas property company Oceanico is to acquire all five golf courses at the Vilamoura estate on the Portuguese Algarve from Lusotur Golfes. The deal brings the value of the Oceanico property portfolio to more than €2billion.

The firm has also signed an agreement with Darren Clarke, who will become the touring pro for Vilamoura over the next three years. The deal will see Clarke compete in the Portuguese Masters.

Vilamoura attracted more than...

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