Property developer Oceanico Group has moved into the US market with the $500 million acquisition of North Carolina golf resort.
The company bought the 630-acre Little River Golf & Resort at the end of December and will take over golf, property and holiday operations at the site.
Oceanico has been expanding throughout the year, buying five golf courses in Vilamoura, Portugal in March 2007 for €125 million and opening two luxury resorts, the Vilamoura Golf & Garden Resort and Royal Obidos Spa & Golf in Portugal.
