Belgian group to build luxury residences in Cape Verde

21 May 2012

Belgium’s Talboom group should this July begin building the access road to the luxury real-estate/tourism complex it plans to build at Jon d’Ebra Bay, reports the Cape Verdean newspaper A Semana.

Once the road is finished, the group aims to begin construction, probably in December, of the first of the 30 luxury residences to be built on the bay’s coast.

In the second phase the group plans to build 200 more residences and a hotel, a 50-million euro investment targeting the middle and upper middle classes from Europe.

“The development will be sold to European millionaires who will transform the residences into holiday homes,” the group’s legal advisor, Alcides Graça, told the newspaper.

The group will also build a breakwater in the bay “to make it into a large natural pool”, given that Jon d’Ebra is one of the most treacherous beaches on São Vicente Island, located in a relatively deserted area. (macauhub)