Angola – rich make their homes in Portgual

Maka Angola/allAfrica

Displays of wealth by newly rich Angolans have become legendary in Portugal in recent years. Angolan leaders and their families and business associates have been buying up some of the country’s most opulent properties.

A typical case is that of Estoril Sol Residence, a luxury housing complex comprising three buildings of a distinctive and controversial design in Estoril, a coastal suburb of Lisbon. The complex contains some of Portugal’s most expensive apartments, priced at between one million and five million euros per unit. The complex, opened two years ago, is well known as “the Angolans’ building”, since Angolans are the main property owners there, holding title to about 30 apartments.

An investigation by Maka Angola has revealed the names of the rich Angolans who own property in Estoril Sol Residence.

The Minister of Public Administration, Employment and Social Security, António Domingos Pitra Costa Neto, is the owner of five apartments in the Torre Baía building, on the third, fifth, seventh, ninth and fourteenth floors, the first four of these being registered in the name of his daughter, Katila Pitra da Costa, who is a student. According to reports from the office of president José Eduardo dos Santos, Pitra Neto is expected to be the next president of the Angolan National Assembly, after the elections scheduled for 31 August.

On the ninth and fourteenth floors, minister Pitra Neto has the Kopelipa family as neighbours. Two apartments are owned by Fátima Geovetty, the wife of General Manuel Hélder Vieira Dias “Kopelipa”, the Minister of State and head of the President’s Military Bureau. General Kopelipa’s loyal business partner, Domingos Manuel Inglês, has an apartment on the twelfth floor. In the neighbouring Torre Cascais building, a fourth-floor apartment with a great ocean view is the property of Ismênio Coelho Macedo, a Portuguese man who looks after some of the general’s lesser-known business interests.

Another notable owner is the former Finance Minister, José Pedro de Morais, who has four apartments on the first, second, fourth and fifth floors of Torre Baía.  Read more…

One response to “Angola – rich make their homes in Portgual

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