Real Estate Services

MDS Real Estate and Construction business specializes in “sun and fun” markets that attract retirees, longer term villa rentals and permanent end users. Generally these markets offer a “buffer” from economic downturns as the buyers are generally cash buyers or have the means to afford a luxury vacation. 

Once MDS has identified a market, MDS’ strategy for success is to initially Joint Venture with local partners who have expertise in a specific market and can fast track MDS’ entry into that particular market.

One such  Joint Venture is with  Omniterra Properties Promocao Imobiliaria Lda. (Omniterra). Omniterra is a Portuguese real estate and construction company doing business in  beautiful Algarve region of Portugal. For more information on this region visit: http://www.portugalvirtual.pt/_tourism/algarve/lagos/index.html. The Algarve is a world class golf and resort destination, with a particular appeal to second home owners and retirees from the UK and other Northern climes of Europe. The Algarve is quickly gaining interest from many Canadians and Americans as well. (picture: Omniterra Project under construction: Salema, Algarve, Portugal)

Omniterra designs, builds, and markets luxury villas while combining quality and affordability. The MDS/Omniterra agreement is a Project Management agreement whereby MDS will acquire developable land as owner and Omniterra will provide "turn key" project management services including: design, engineering and all regulatory approvals, arranging construction financing, building, and sale of properties. Omniterra earns a 20% project management fee based on a guaranteed fixed cost to build, which is established prior to commencement of construction.

Mr. Beugelink, President of MDS, states: "The agreement with Omniterra provides MDS the opportunity to ease into the construction industry in Europe by participating with an experienced partner in one of the top property markets in Europe and a chance to diversify our assets outside of North America. Also, this agreement will serve as model for MDS to enter into agreements with other developer/builders in other "sun and fun" destinations, which is all part of MDS' long term strategy."