Six Senses Formosa Bay 2021: growth strategy in challenging times
Homebuyers' priorities in 2021 are shifting. Remote work and longing for green open spaces drive the demand for houses in locations like Eco Estrela: beautiful and secluded, with breath-taking natural environment and broadband internet.
Analyzing the global market changes, we have remodeled the Six Senses Formosa Bay project. To reduce the project's construction risk and create new opportunities, we increased the number of branded residences from 58 to 119. We also decreased the number of guest villas from 127 to 66.
The project will be financed with a bank loan granted by the Brazilian development bank and, in addition, by the issuance in Luxembourg of 3-year USD denominated senior secured corporate bonds, offering an attractive return for the investors. A one-month subscription period is planned to start on February 1, 2021. Please contact our team for more details.
Adopting the new strategy, the project shall start this year with an opening planned for mid-2023.