Expatica news

Amendoeira Golf Resort to be sold to US hedge fund

oceanicogolfUS based investment fund, King Street Capital Management, is set to buy the Amendoeira Golf Resort in Silves.

Currently owned by Ireland’s National Asset Management Agency (NAMA), which took over loans from the Anglo Irish Bank after the founding company Oceânico ran into trouble during the recession, the golf resort remained open for business in the hope of a sale when the leisure market improved.