Lars-Erik Magnusson, the strategic mind behind Larmag Group, is driving the development of the Magnawoods project in Sesimbra, Portugal. This article highlights the project, focusing on its sustainable vision and strategic importance.
Strategic Location and Vision
Magnawoods is located 30 km south of Lisbon, near the scenic Parque Natural da Arrabida and beautiful beaches. This prime location, coupled with proximity to Lisbon International Airport, makes it an ideal site for a sustainable residential and tourist development.
Project Highlights
The Magnawoods project covers 138,000 sqm of buildable area, featuring:
- Residential Units: Sustainable villas and townhouses designed to blend with the natural environment.
- Tourism and Leisure: Hotels and golf courses to attract visitors and boost the local economy.
Development Milestones
Larmag Group has reached several critical milestones in this project:
- Investment: Approximately €29.5 million has been invested in the project.
- Regulatory Approvals: Allotment licenses and building permits were secured by the end of 2022.
- Infrastructure Development: Construction commenced in December 2022, focusing on essential infrastructure such as roads, pump stations, and pipelines.
Economic and Environmental Impact
The development cost for the project is estimated at €285 million, with projected sales of €470 million. This investment is expected to create jobs, stimulate economic activity, and attract further investment. Additionally, the project’s focus on green building practices ensures minimal environmental impact.
About Lars-Erik Magnusson
Lars Magnusson has a distinguished career in real estate investment and development. His leadership at Larmag Group has been marked by strategic foresight and a commitment to sustainability. The Magnawoods project is a prime example of his innovative approach and dedication to creating environmentally responsible developments.
A Sustainable Future
The Magnawoods project is poised to set a new standard in sustainable real estate development. By integrating modern living amenities with eco-friendly practices, the project promises to provide lasting benefits to the community and the environment.
Looking Ahead
As the project progresses, Magnawoods is expected to attract significant interest from both residents and investors. The project’s strategic location, combined with its focus on sustainability, positions it as a leading example of responsible and innovative real estate development.