The Magnawoods project in Sesimbra, Portugal, is an ambitious real estate development led by Lars-Erik Magnusson, CEO of Larmag Group. This article explores the economic and environmental promise of the Magnawoods project, highlighting its potential impact on the region.
Strategic Location
Located 30 km south of Lisbon and 35 minutes from Lisbon International Airport, Magnawoods is strategically positioned near Parque Natural da Arrabida and pristine beaches, making it an attractive destination for both residents and tourists.
Key Features of the Project
The Magnawoods project includes:
- Residential Development: Luxurious villas and townhouses designed with sustainability in mind.
- Tourism Facilities: Hotels and golf courses created by internationally acclaimed designers.
Development Progress
Significant progress has been made in the Magnawoods project, including:
- Investment: Larmag has invested approximately €29.5 million.
- Approvals: Securing allotment licenses and building permits by the end of 2022.
- Construction Start: Infrastructure development began in December 2022, focusing on roads, pump stations, and pipelines.
Economic Impact
The development cost is projected at €285 million, with expected sales of €470 million. This project is set to create jobs, attract investment, and stimulate economic growth in Sesimbra and the surrounding areas.
Environmental Sustainability
Larmag Group is committed to sustainable development, and Magnawoods is no exception. The project incorporates green building practices, energy-efficient designs, and a focus on preserving the natural environment.
About Lars-Erik Magnusson
Lars-Erik Magnusson is a renowned real estate investor and developer. Under his leadership, Larmag Group has executed numerous successful projects globally, always emphasizing sustainability and innovation. Magnawoods is a testament to his strategic vision and commitment to excellence.
Setting a New Standard
Magnawoods is set to become a benchmark for sustainable real estate development in Portugal. By integrating modern amenities with the natural landscape, the project promises to deliver exceptional value to both residents and investors.