Private Islands Inc. is announcing a new marketing partnership with the UK-based Wahi Group to promote the largest private island for sale in Europe, offered at EUR 240M.
Toronto, Canada, Tuesday November 1st, 2007- Private Islands Inc. is now offering a spectacular private island located meters from the coast of Lisbon, Portugal. At almost 3,000 acres in size, this undeveloped island is the largest property of its type in Europe, and on the market for an unprecedented EUR $240M. Marketed in conjunction with the UK-based Wahi Group, the island in Lisbon has already received substantial interest from international development groups.
“Virtually nothing compares to this island in terms of location,” says Private Islands Inc. CEO Chris Krolow. “Mere meters from the coast of a major European metropolis and tourist destination, it’s an incredible investment opportunity.” Listed by his company in October of 2007, Krolow says the size and location have already resulted in significant interest. “Lisbon is one of my favorite cities in Europe- the rich history and amazing architecture gives it a cultural depth found in few other places that share its beautiful climate and beaches.” Easily accessible to visitors from across the globe, the island is also within a half-hour of Lisbon’s airport.
Development possibilities for the almost 3000-acre island include a golf course and resort, residential projects, and hotel developments. “Europe is an extremely desirable location for private island developers, but this is tempered by the many building and usage restrictions found in most countries,” he says. “However, Portugal is highly investor-friendly and actively seeking new tourism projects, a favorable environment which dramatically increases the potential of the property. I look forward to working with the Wahi Group to market this unique private island.”