As Savoy Residence gradually becomes synonymous with high-end real estate concepts, the family’s second project – Savoy Residence | Insular – rises in Funchal and strengthens the positioning of the brand.
The €60 million residential project will be delivered by the end of 2022. Already sold at 40% off-plan, these apartments, developed by AFA Real Estate, are recognized for their specificities, their design and the quality of the building materials.
Featuring 49 sophisticated apartments and 12 commercial spaces, Savoy Residence | Insular stands in one of the most emblematic areas of downtown Funchal: the old mill “Companhia Insular de Moinhos” built in 1929. In this reconstruction the legacy will be recovered because the architecture of the old structure will be combined with contemporary design, maintaining the essence and history of the building while creating a renewed centrality.
For architects,the challenge was to create a project that fits into the neighborhood without diminishing the historical feeling that the city itself has towards this place.” Roberto Castro and Hugo Jesus (RH+ Arquitectos) believe they have achieved what was planned, “respond to the wishes of the promoter and respect the collective memory of the inhabitants of Funchal in connection with a district steeped in history.”.
There are spacious lofts with double height ceilings where natural light prevails, triplex apartments and penthouses with a private pool. All owners will benefit from the rooftop, including an infinity pool and solarium, panoramic views and green areas. Also included are benefits such as a 24-hour doorman and security guard and the privilege of subscribing to the Savoy Resident Card and having access to the services, facilities and common areas of the six hotels in the Savoy Signature Collection.
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