Luxury Property From Knight Frank in Portugal and Kenya
Whenever Knight Frank offer properties for sale, its always worth a second look. There has never been a better time for the luxury market, with such a diverse selection of properties available worldwide. We've decided to take a look at two developments which offer something a bit different for the Lusso reader.
Portugal with a difference
Quinta do Lago is arguably one of the most prestigious areas of the Algarve. With only 730 hectares available, of which just 8% can be built on, it is home to some of the world's best golf courses and properties.
The Keys development has been designed with an East and West Coast of America theme, which provides a change from the more traditional Mediterranean style of the area. There are 150 homes ranging from two bedroom apartments to five bedroom homes.
Walker Bushe, the architects, have taken inspiration from the classical contemporary styles found in Miami and Hollywood. Using natural stone, the exteriors are clean and simple, yet have numerous interesting details. The interiors consist of large central atriums and luxurious floor to ceiling windows.
As readers of Lusso will know, we're firm favourites of automation within the house and these properties benefit from the latest technology. You can even control the house from an internet site. So feel free to tell the neighbours you're off to your yacht in the Med, then confuse them by opening blinds and turning the lights on at night. Then if there's a security breach, an email and text message will be sent.
The development is an ideal opportunity for the Lusso reader to gain a luxury retreat in a style which is unique in the area.
Prices in the current phase range from 1.06million euros for a four bedroom property up to 4.47million euros for a six bed.
If you're looking for something a bit further afield, the Medina Palms development in Kenya is very interesting. This is an environmentally sensitive residential development which has proven to be hugely popular since the launch in Nairobi.
The development is set amidst seven acres of tranquil palms with the obligatory private access to the gorgeous white powder beaches of the Watamu National Marine Park. There is a selection of apartments, villas and penthouses available through Knight Frank.
The location is incredibly picturesque, with abundant wildlife which is far more welcome than an urban fox in Chiswick. For the investor, the development is perfect, with professional management and rental operations already in place.
Medina Palms is working closely with the Born Free Foundation charity to help preserve the local area and there are numerous initiatives in place and planned, which will protect the marine life for many generations to come.
Prices start from just £150,000 for a two bedroom apartment.
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Louis Vuitton buys Yacht Manufacturer
The Louis Vuitton Group, LVMH, has purchased Dutch yacht manufacturer Royal van Lent. The yacht company make ultra high end yachts, with an average selling price of 30 million euros. The sellers are Dutch investment firm Egeria and the acquisition price is worth approximiately 11 times net profit.
Asics Inner Muscle Revolutionises Sport Clothing
High end sports clothing has recently gone down the route of tight elastic tops and shorts that initially appear about 4 sizes too small for the athlete. The theory is that the tops provide more overall support to muscles, which improves performance. Asics, a leading trainer company, has taken this technology one step further. Lusso took a look.
Topper chosen for Champion of Champions event
Topper Sailboats offer a range of 12 different boats for all abilities of sailor. They are highly regarded as having excellent construction quality and design. They have been chosen to be the craft of choice for the Endeavour Trophy at least up until 2010 and probably further into the future. Lusso have taken a closer look at this company to see how they do it.
Did Russian billionaire buy 496 million euro property?
Recently, it was reported that Villa Leopolda was sold to a Russian billionaire for just under 500 million euros. It soon revealed that Russian billionaire Mikhail Prokhorov was behind the sale. As is the habit with Russian oligarchs, Prokhorov made his billions in precious metals. In 2007 he launched a $17 billion private investment fund, so he was definitely wealthy enough to purchase the property.
Issue 15, Available December 2008.
Travel Special
The ultimate in peace and quite. Lusso Magazine investigates the best island resorts in the world - it's a tough job, but somebody's got to do it.
Ultimate Toys
Super yacht tenders, powerboats, motorbikes and super cars, we serve up the usual dose of high octane machinery.
And the regulars...
Brian Ebbesen, Arash Farboud, Nick English and others all share their views
The Value for Luxury Market
“Doug,Very interested in your article on EOS and this is something I am trying to re-create ...” By Nigel Worrall 27 September 2008