In times of economical difficulties buyers are aware of mostly their home market and not 100% with the markets abroad. The properties we have for sale on the Algarve race circuit are a success. The units have approximately 30% reserved and the business park (see article below) is almost sold out ! The move from the A1 GP to the Algarve will give the area and local business a large boost. For investors / buyers interested in a unit on the Algarve Race circuit we can provide a free investor file with all information needed, furthermore we have the privilege to invite you to the circuit and show you the facilities, the races, the hotel etc. IT IS HAPPENING AND IT IS HAPPENING NOW !
For more information call us 24 hours a day on +351 282 353 019 or info@eavillas.com
A1GP boss Tony Teixeira says his ambitions to run a Formula One team remain alive - after dropping a hint that he is looking at setting up an outfit in Portugal.
The South African businessman has looked at bids for Spyker, Scuderia Toro Rosso and Honda Racing over the past two years, but is now edging towards starting a team from scratch.
He is looking at using land acquired near the Algarve Circuit in Portimao as a base for his A1GP Series – as well as for housing an F1 operation. The ambitious scheme could receive funding from the Portuguese government.
"I've bought 47,000 square metres at the Portimao circuit," Teixeira told autosport.comabout his plans for relocating A1 GP. "I've bought that to put up a head office, an A1GP factory with 35 bays and an A2 factory, and restaurants, and the whole merchandising scene."
When asked about the possibility of basing an F1 team, Teixeira said: "The team that I've been looking at would be based (in Portugal) and backed by the Portuguese government.
"If this is going to be such an important racing centre, they have to have an F1 team to compete with. Otherwise it means nothing without F1...The idea is that eventually it could house an A1/F1 office."
Teixeira has also revealed that he had been in talks with Honda Racing as recently as the last fortnight about a takeover deal.
"I was one of the guys talking to Honda in the last two weeks," he said. "We had done a deal on Spyker, but I let Vijay (Mallya) take it….We then went to Toro Rosso in November and all the (other) teams said 'no customer boss' so I had to walk away.
"Today I'm in a completely different situation. I've built my own cars and designed my own chassis. I have my own factory. So I'm not a customer boss. I can now build my chassis and run with a Ferrari engine. I'm now the same as everyone else."
Teixeira said, however, that any involvement in Honda Racing was scuppered by the difficult financial conditions caused by a worldwide recession.
He added: "The only reason we want an F1 team is for the winners of A1 to go to F1. But, because of the times, I cannot commit myself to this year's budget."
Source Autosport.com
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