
About Us
“Doing well is our commitment!”
The idea of creating this company arose from the “challenge and personal fulfillment that being an entrepreneur confers, as well as the desire to grow in business”. Until that date, both entrepreneurs had carried out some smaller real estate projects, “with which they had obtained good results and a lot of experience”.
The Madinsula
was born.
During the first 10 years of activity, the “adherence of all partners was very positive.”, there was availability of “bank financing” and “the commercialization of the projects was carried out at a pace that guaranteed the economic success of the investments made”. Those were years of very strong business expansion.”
However, from 2010, there was a change in the scenario “due to the international crisis”. The main difficulties that “we have faced in these 22 years derive from the repercussions in Portugal and in the Region of the international financial crisis” and in accessing the difficulty of accessing bank credit from the year 2010” and the consequent “retraction in demand for real estate .”
Such difficulties did not prevent us from growing in the regional market and being market leader in the housing segment.
Along its journey, Madinsula has developed directly and indirectly through several subsidiary companies, of which we highlight the
“Alameda Formosa – Investimentos imobiliários Lda.”
through numerous real estate developments, located in the Municipalities of Funchal, Santa Cruz, Câmara de Lobos and Ribeira Brava, in a global investment of around tens of millions of euros which resulted in the construction of 402 residential and commercial units.