Luxury Real Estate

By Carina Sousa of IRG International Realty Group

IRG International Realty Group, the exclusive affiliate of Christie’s Great Estates in Portugal is selected to be the exclusive agent for the marketing and sales of the prestigious resort Madeira Palace Residences. In 2005 the Fibeira Group, owned by Engº Armando Martins bought the prestigious Madeira Palácio Hotel together with the project for Madeira Palace Residences. Designed by Ricardo Bofill Associated with Atelier Caires – João Francisco Caires e Associados, the Madeira Palace Residences are a striking example of the best in contemporary architecture and quality living.

With 100 homes ranging from one bedroom to four bedroom apartments, all with garage parking and storage, the development benefits from spectacular views over the Atlantic.

Constructed around an interior garden, where exotic water features play an integral role, the development has been designed to provide a restful and elegant environment and will be forecasted to be ready in the summer of 2010.

A serene and private haven, Madeira Palace Residences represents the best in luxury living. Residents will have access to the services of the adjacent five star renovated Madeira Palácio Hotel including spa, restaurants, room service, laundry and cleaning, and membership of the Beach Club.

The Hotel Madeira Palácio Hotel has a very rich history. It opened its doors in 1971 and was operated by Hilton Hotels between 1971 and 1973 owned by Robert Jabara Pereira Ganhão (Pastelaria Suiça), TAP and Hotel Palácio in Estoril.

In 1982 the hotel was bought by the Albaker Group that owned the Marriott (formerly known as Penta), Eden Hotel, Hotel do Mar and Hotel Palácio Estoril.

The renovation of the hotel has been designed by WATG associated with Atelier Caires – João Francisco Caires e Associados – Projectos de Arquitecture Lda.

An extensive program has been implemented to give the Madeira Palácio Hotel a five star luxury rating according to international demand including a sophisticated interior design for the rooms and public areas.

About IRG International Realty Group

IRG International Realty Group is one of the leading international brokerage companies in Portugal and specializes in sales of Portuguese high-end and luxury residential real estate. IRG is the exclusive affiliate in Portugal of Christie’s Great Estates, a worldwide real estate network and subsidiary of the world’s oldest auction house, Christie’s. IRG’s Head Office is located in the prestigious Avenida da Liberdade in the heart of Lisbon and there are also boutique offices in Quinta do Lago in the Algarve, Estoril and in Kensington, London, United Kingdom. www.irgportugal.com

About FIBEIRA SGPS, S.A.

FIBEIRA SGPS, S.A. is a managing group of social investments. Its strategically cores are present in the realm of Real Estate Development, Hotel Management, Services and

Media/Press, a wide variety of business activity sectors. In a Group that established itself in 1984 with the creation of FIBEIRA, the ability to expand and respond efficiently to all the new challenges was the key point for the current confident broadening of its interests into new business domains and lead to a solid presence in markets like the hotel industry.

Success and innovation have been a constant reward for the evolution of our companies which allowed them to work in different business areas with levels of performance much higher than the ones present at their creation. www.fibeira.pt