The investment of € 250 million in a resort with marina, hotels, apartments and new facilities for the Naval Setubalense passes through a joint venture between Macau Legend and Amorim Turismo for full integration between Troia and Setúbal
the project to build a large resort on the waterfront of the city – the rEGION DAILY reported yesterday – passes through a joint venture (joint venture) between Macau Legend Development and Amorim Turismo revealed to REGION DAILY executive director of Macanese company, Sheldon Trainor.
in the interview, to be published in full in edition of Monday, the official said it will be created a new company to realize the investment.
“we will make a joint venture with Amorim Turismo. This project is based on two businesses:. Oxy Capital and Amorim Turismo, which form the Casino and Troy Troia Design Hotel in the new company and the new company develops the project in Setúbal, “said Sheldon Trainor, in the interview yesterday, by telephone from Macau.
the executive director of Macau Legend spoke to REGION DAILY little over an hour after signing the memorandum of understanding between the City of Setúbal and the Macanese group. The agreement was signed at 10 am (local time in Setúbal) in a public ceremony in Macau, with the presence of Mary of Meira pain.
According to the signed memorandum, the area of recreational dock in Setúbal, where Naval Setubalense Club, will receive a great investment of 250 million euros, the Macanese investors in a tourism project to be connected Setúbal and Troia, taking advantage of the bay of Setúbal, and passing by the construction of an integrated resort in the town Sadina and the entry into the capital of Troy Casino, the Amorim group.
the new resort, to deploy in front of river between the Garden of Seaside and Lota, includes a marina, two hotels, five and four-star, various commercial, cultural and sports venues, such as a sports pavilion, and private housing blocks, and terminal ferry and water taxi for permanent connection to Troy.
in a statement yesterday after the signing of the agreement, Setúbal Chamber informed that the project, which envisages the creation of about three thousand jobs, includes a building with sixty apartments, a yacht club, a gare boarding Troia a Retail Village a Hot Market and Grocery Store, parking and cultural facilities, as well as new facilities for the Clube Naval Setubalense, which will be relocated in the same area.
According to the municipality, the investor Macau Legend will be responsible the project will qualify the riverside area of Setubal, an important contribution to return even more the river to the city, one of the main working guidelines adopted by the executive of the Setúbal Municipality in the current mandate local government.
Mary of Dores Meira, Mayor of Setubal, saying that the signing of this agreement is “an extremely important step in achieving structural and strategic objective of promoting a historic redevelopment of the riverside area of Setúbal and create jobs in our region.”
This operation ensures the mayor, set up a “profound transformation in the use of our waterfront and launch definitely the city on the tourist route and quality tourism investments and qualifiers of the city, able to attract also Chinese tourists and Asian. “
the Macau Legend is a Macanese company active in the areas of entertainment and leisure, listed since 2013 on the Hong Kong Stock Exchange. Materialized in 2012, the merger with Macau Fisherman’s Wharf International Investment Limited, an operation that secured the ownership of the largest leisure and entertainment complex in Macau Peninsula.
The Amorim Group has not yet confirmed the completion of the deal with Macau Legend for the establishment of a new company for investment in Setúbal. He not confirmed but not denied. Speaking to REGION DAILY, made a few hours before the memorandum was signed and published yesterday, the chairman of Amorim Turismo, Jorge Armindo merely confirm “conversations” between the Portuguese company and Macau businessman Legend David Chow.
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