Virtus Real Estate

The investment objective of Virtus is to provide Shareholders with an attractive level of capital growth through investing in sophisticated residential resort developments in sea front sites of striking natural beauty primarily in the Mediterranean area in exclusive countryside club facilities near to European metropolitan areas integrating antique castles and manor houses and in top located ancient buildings in order to develop downtown luxury hotel accommodation, always in partnership with leading developers, architects and hotel operators.

 

  • The resort and country club developments integrate residential units with leisure facilities such as golf courses, spas and marinas.
  • Virtus intends to invest in projects at an early stage or in strategic sites that can be acquired at a discount to open market value at current usage.
  • The company will not invest in a project unless it is expected to generate an IRR above 25%.
  • Virtus strategy is to create long-term shareholder value by transforming undervalued sites into fully permitted, high-end, premium- branded development projects.

Archimede Project

Archimede project is a unique Real Estate opportunity of creating a luxury integrated resort in one of the best destination of Sicily, with the aim of replicating the Sardinia “Costa Smeralda Resort”. It has been selected by a skilled and experienced investment team and controlled by Virtus-Elemata Group.

Sponsors aimed at creating a world-class integrated luxury resort targeted to the super-rich customers who already come to Sicily/Syracuse on their yachts but cannot find a playground for their toys and their life-style.

Archimede Resorts will include: 3 hotels, beach clubs, residential villas, a golf resort and a marina.

Isola Maddalena

The Project includes an Aman world-class resort with 45 suites of approximately 80 sqm/each. In addition there will be 40 serviced villas of approximately 600 sqm/each with a mix of four to five bedrooms located along the water’s edge for sale.

The site is around 56 hectares in size of coastal property and owns 2km of water frontage overlooking Ortigia, a UNESCO world heritage site and one of Sicily’s most important cultural destinations.

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Feudo Bibbia and Marquis Beach

211ha for a luxury Resort, a XIX Century historic villa to be converted in a 5 Stars Hotel with approximately 20 keys and a SPA. In addition, it is planned to develop 43 seasonal Hotel branded villas plus associated leisure amenities and 5 “sea-front” Villas in the Marquis beach.

The estate is located 15km west from the centre of Syracuse, in the town of Palazzolo Acreide – inserted into the World Heritage List Unesco.

A 18 holes international golf course: designed by a worldwide renowned golf architect, a golf Club House, both managed by a top hotel international Operator.

 

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Project Pipeline

MILAN / ROME / VENICE / FLORENCE

Virtus is managing several projects in some of the main cities on the Italian territory such as Milan, Rome, Venice and Florence. It has already identified very interesting sites and it has just been working on it.

All these buildings, we are working on, are located in the historic centers of the cities, very closed to the most famous buildings such as city hall, theatres, cathedrals.

The strategy for all these buildings is refurbishment and rebranding.

Virtus is working with the most important architectural studios that have already developed master plans, feasibility studies and complete projects.

Virtus is already in touch with some of the most prestigious Hotel&Resort brand to value the rebranding of the buildings.

 

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