Bondstone Announces Start of Arcaya Residential Project in Vilamoura
The developer Bondstone, a private equity firm specializing in Portuguese real estate assets, has officially announced the launch of its new residential project, Arcaya, located in Vilamoura, Algarve. The project specifications detail a phased development set within a 68-hectare forest. The first phase, with a total gross construction area of 22,400 square meters, will consist of 76 residential units and a 3,500-square-meter Clubhouse. The unit mix includes 44 detached villas and 32 townhouses. The construction timeline for this initial phase is set to begin in the next few months, with a projected completion and delivery date in early 2027. The architectural design and building features emphasize sustainability and efficiency, utilizing industrialized and modular construction methods. This approach, involving off-site manufacturing, is intended to reduce environmental impact and shorten construction schedules. The financing arrangements for the project are managed by Bondstone, which has secured two strategic investment partnerships for the execution. Memoranda of Understanding have been signed with Casais – Engenharia e Construção, S.A. and Carmo Wood, two firms with extensive experience in high-quality construction in the Algarve. Regulatory approvals and planning permissions for this first phase have been secured, allowing construction to proceed. The project's sustainability features are a core part of its market positioning, aiming to achieve high standards of energy efficiency. The local employment and economic impact are expected to be significant during the construction period. Pre-sales activity and market interest are reportedly strong, driven by the prime location and quality of the planned development. The infrastructure requirements for the site are being developed in tandem with the residential construction. The quality standards and construction methodologies are being overseen by the experienced project partners to meet the expectations of the luxury market. Monitor new development opportunities at realestate-lisbon.com.
