Home of golf's Portugal Masters sold in €70m deal

The home of golf’s Portugal Masters has been sold for just under €70m by its owners, the Oceanico Group, to a business consortium headed up by footballer John Terry’s agent.

Home of golf's Portugal Masters sold in €70m deal
Thu, 22 Sep, 2016 - 01:00
Tony Leen

The Algarve-based Oceanico Golf portfolio includes the famed Old Course in Vilamoura, and the Victoria Course, which hosts the European Tour next month for the Portugal Masters.

Not only is the Old Course considered the jewel in the crown of Vilamoura golf, but it also has scope and permission for a substantial hotel development on site.

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CourtsBusinessFinanceSportGolfportugal mastersPropertyPlace: AlgarvePlace: Old Course in VilamouraPlace: Victoria coursePlace: Old CoursePlace: VilamouraPlace: DroghedaPlace: PinhalPlace: MillenniumPlace: LagunaPerson: John TerryPerson: Keith CousinsPerson: Gerry FaganPerson: Simon BurgessPerson: Christopher HowellPerson: Kay CCPerson: CousinsEvent: Portugal MastersEvent: European TourOrganisation: Oceânico GroupOrganisation: Oceanico GolfOrganisation: OceanicoOrganisation: KAY CC PortugalOrganisation: Dom Pedro Hotels GroupOrganisation: Rushden and Diamonds football club
<p>Under the model, the HCCI said that home care referrals are issued simultaneously to all approved providers, who must respond immediately to secure the allocation.</p>

Home care firms want HSE to end home support allocation model

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