Mãe de Água — A Singular Investment Opportunity in the Azores With approximately 38 hectares set within one of the most authentic and unspoiled landscapes of the Atlantic, Mãe de Água represents a rare opportunity for the development of a landmark luxury resort, in a destination experiencing clear and growing international recognition. Located along the road connecting Ribeira Grande to the iconic Lagoa do Fogo, this asset stands out for its exceptional natural setting — defined by a permanent-flow stream, a natural waterfall, and a lush green volcanic landscape. A place of singular beauty, where nature reveals itself in its purest and most immersive form. ________________________________________ Heritage, Identity and Vision At the heart of the property lies a historic water mill, an architectural and cultural element of significant heritage value, partially located within an ecological protected area. Situated on a lower elevation, directly facing the permanent stream that gives the city of Ribeira Grande its name, the mill establishes a direct and symbolic connection with the hydraulic and agricultural history of the region. The remaining land unfolds on a higher elevation, benefiting from sea and mountain views, offering privileged conditions for the implementation of the tourism project and allowing for a clear and differentiated reading between heritage, landscape and development areas. The property also benefits from two distinct access points, a strategic attribute that enhances functionality, operational flexibility and the exclusive organization of the estate. This singular asset forms the foundation of a distinctive narrative, enabling the development of an authentic tourism concept deeply rooted in Azorean identity. The proposal envisages the rehabilitation and enhancement of the water mill as a central element of the project, assuming a cultural and experiential role of distinction. ________________________________________ Development Concept The project envisages the creation of a low-density tourism development, designed to deliver an exclusive, refined experience fully integrated into the surrounding landscape. The architectural approach draws inspiration from traditional Azorean construction, reinterpreted through a contemporary lens: • Simple, elegant volumes; • Use of natural materials such as cryptomeria timber and stone; • Organic integration with the territory; • Emphasis on privacy, tranquillity and authenticity. The masterplan proposes the reinterpretation of the island's traditional agricultural matrix — through stone walls, volcanic gravel paths and green structures — elevating these elements into a language of discreet and timeless luxury. ________________________________________ Strategic Location Mãe de Água enjoys a privileged position at the epicentre of São Miguel's north coast: • Just minutes from Santa Bárbara Beach, an international surf destination; • Close to Monte Verde Beach; • Adjacent to the city of Ribeira Grande; • Only 10 minutes from Ponta Delgada and its international airport. A location that combines centrality, accessibility and a high degree of privacy — determining factors for the success of premium tourism developments. ________________________________________ Investment Rational • Scarcity of assets of this scale within protected natural environments; • Growing international recognition of the Azores as a sustainable luxury destination; • Strong global demand for authentic and immersive travel experiences; • Unique integration of historic heritage, topographical differentiation, nature and development potential. ________________________________________ A Project with Destination Status Mãe de Água is not merely a real estate asset — it constitutes the foundation for the creation of a destination of excellence, with strong potential for international projection. In summary, it represents a unique investment opportunity in one of Portugal's most valued territories, offering exceptional conditions for the development of a sustainable luxury resort, where history, nature and sophistication converge to create a high value-added tourism product. A place where history, nature and architecture come together to deliver a distinctive, refined and truly singular experience.