Summary:
Competition Authority approves Arrow Group's acquisition of Monte Rei Golf & Country Club.
Monte Rei is an exclusive community with a prestigious Jack Nicklaus Signature golf course.
Arrow Group operates in diverse sectors including real estate and tourism.
Competition Authority Approves Acquisition
The Competition Authority (AdC) has given the green light for the acquisition of Monte Rei Golf & Country Club by a company from the Arrow Group, based in Luxembourg.
A Prestigious Community
Monte Rei is an exclusive residential community spread across 1,000 acres of untouched countryside, featuring views of the award-winning Jack Nicklaus Signature golf course, consistently ranked as the best in Portugal.
Arrow Group's Diverse Operations
The Arrow Group's activities in Portugal span various sectors, notably:
- Management of overdue credits and doubtful collections through Whitestar.
- Real estate investment management handled by Norfin.
- Tourist accommodation exploitation in the Algarve and Madeira, along with golf course operations in the Algarve and Lisbon via Details.
Overview of Monte Rei Golf & Country Club
Located in Sesmarias, in the Vila Nova de Cacela mountain area, the Monte Rei Golf & Country Club comprises a collection of seven companies operating in the tourism sector under the Monte Rei brand. This includes the management and operation of various tourist accommodations and a golf course.
The Monte Rei community is nestled within a 404.7-hectare property of pristine rural land, offering stunning views of the Jack Nicklaus Signature golf course, recognized as one of the finest in Portugal.
Images of Monte Rei Golf & Country Club
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