According to a report by the Telegraph, the couple will be splitting their time between Portugal and their home in the UK.
A source close to the couple is reported to have said that “Jack is now working for Mike Meldman and they are splitting their time between Portugal and London”.
Mike Meldman is a business partner of Hollywood star George Clooney, who are also reported to be looking to buy in the Portuguese resort.
According to a report by ECO, George Clooney has been planning to buy a plot of land at the Costa Terra Golf & Ocean Club project, owned by Discovery Land Company. The company — led by Mike Meldman, a partner of George Clooney — acquired this project in 2019 from the Queiroz Pereira family.
Costa Terra was initially bought as a tourist project by Swiss businessman Andreas Reinhart who, at the end of 2008, sold it to Portuguese businessman Pedro Queiroz Pereira. The project stalled and in 2019 it was sold again to the Discovery Land Company according to ECO.
Discovery Land was founded by Mike Meldman, current President and CEO, and this is where George Clooney comes in. Mike Meldman and the Hollywood actor have been partners since 2013, the year in which, together with Mexican Rande Gerber, they founded Casamigos, a tequila company, according to Business Insider.
Initially, the plan for Costa Terra was to build three hotels, four tourist villages, 204 houses and a golf course, representing an investment of €510 million, according to Jornal de Negócios.
But the project ended up morphing into the Costa Terra Golf & Ocean Club, aimed at the premium luxury real estate market. In June, speaking to Discovery Life magazine, John Dwyer, CEO of Costa Terra, said that the current project includes the construction of 146 single-family homes, 29 residences belonging to the club, a health and wellness centre and a golf course.
According to ECO, a source in the real estate sector confirmed that George Clooney has committed to purchasing one of the plots at the club.
The question is: is the Princess fit for Portugal?
By Diogo F. from Madeira on 31 May 2022, 22:36
She had better find a property somewhere near to a Pizza Express for when daddy visits as apparently it's his favourite fast food restaurant.
By Greg from Other on 01 Jun 2022, 07:38
Non-news item as far as I am concerned. Waste of digital 'ink'!
By Russell Taylor from Other on 01 Jun 2022, 09:35
Shame on you both.
Can we spare the couple the cheap jokes about the tragedy & scandal surrounding her father and the poor women abused by the late Mr Epstein. God does not visit the sins of the father on the son, we shouldn't either: "The son shall not bear the iniquity of the father, neither shall the father bear the iniquity of the son: the righteousness of the righteous shall be upon him, and the wickedness of the wicked shall be upon him." Ezekiel.
By Simon from Algarve on 01 Jun 2022, 09:59
Where is Costa Terra ?
By Shazzam from Madeira on 01 Jun 2022, 11:25
Did you make that up Simon, or did you read it somewhere and who the hell is Ezekiel?
By Greg from Other on 01 Jun 2022, 12:14
This is great news, I hope Princess Eugenie and her husband love living in Portugal while they go back and forth from England.
By Lisa from Other on 01 Jun 2022, 18:08
It’s too bad they continue to cater to the wealthy instead of helping to alleviate the affordable housing shortage for people who actually work for a living, not to mention the huge amount of finite water resources it will take to water the grass where the rich play with their little balls and swim in their bubbles, tucked away from the society that serves them.
By Tracy from Lisbon on 02 Jun 2022, 06:54
"A source close to the couple is reported to have said ...." This is pretty feeble, are they or aren't they?
By Paul Rees from Lisbon on 02 Jun 2022, 09:16
Well said Tracy, spot on!
By Russell Taylor from Other on 03 Jun 2022, 10:19