The Pestana Hotel Group launched on the morning of September 8 the first stone of the Pestana Porto Covo Beach Residences, its most recent tourism real estate project on the Costa Alentejana. The ceremony was attended by Álvaro Beijinha, mayor of Sines, Dionísio Pestana, president of the hotel group, and José Roquette, chief development officer of the group. The investment value was not disclosed.
The development is located next to Praia Grande, in a tourism development area outside the Natural Park, occupying a plot of approximately eight hectares where the construction area will represent only 57% of the total. The project, designed by the architecture studio Gonçalo Salazar de Sousa, was approved by the Portuguese Environment Agency and reviewed by the Institute for Nature Conservation and Forests, standing out for its balanced integration with the landscape and a volume 40% below what is permitted by the Porto Covo Urban Plan.
Residents and guests will have access to a gym, restaurant, lounge areas, gardens, recreational spaces and a common indoor pool. José Roquette emphasized that Porto Covo combines natural heritage and authenticity, with strong potential for sustainable value appreciation, emphasizing the low construction density and large green areas.
Even at the beginning of construction, 70% of the units are already sold, mostly to national buyers. The group's CDO highlighted that many investors had previously invested in other Pestana Residences developments, demonstrating confidence in the brand. Roquette also highlighted the project's economic impact in combating seasonality and ensuring local employment stability. The project is located a few minutes from the center of Porto Covo and will benefit from the future fast connection to the A2, which will improve access to the region.
