Construction starts on Key Lago at Quinta do LagoBy Kerstin Buechner Dias • Nov 13th, 2009 • Category: Property News & Info
Key Lago’s Groundbreaking Ceremony took place on Saturday 24th October, 2009 in the Keys Information Centre in Quinta do Lago. Golfer Rory Mcilroy joined Mark Lenherr of E3 Property, together with Vitor Ribeiro of Tecnisan and Francisco Piedade of Caixa Geral de Depositos, in digging the first hole on the construction site.
“The Keys will have a profound impact on the future of other property developments and will establish new benchmarks for quality, service, home technology and innovation,” said Mark Lenherr.
The Keys has received 100% construction finance for Key Lago. The project is financed by Caixa Geral de Depósitos (CGD), a state-owned bank and one of the largest in Portugal.
The Keys project has just signed a new partnership with Tecnisan, a Lisbon-based construction company. Tecnisan will be responsible for all areas of construction on the Keys project. Construction has already started on Key Lago, and we will be loading a live web-cam feeding directly from one of the cranes in the next month.
Key Lago will be built in a single phase to ensure minimum disruption. The wet trades and landscaping will be completed by Autumn 2010, after which each individual property will be finished via access from the underground network of roads. The Show House will be ready by Easter 2010.