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Large mixed use property development project
Posted by: nick westby on 1/12/2012 2:05:20 PM
Funding Needed:
Above $1mil 		Category:
Real Estate / Construction 		Website :
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Location :
Uruguay 		Viewed : 546 times
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Description:
Large mixed use property development in Atlantida.
Development comprises:
341 independent villas on 2000m2 plots
10,000m2 resort hotel with Spa in grounds of 120,000m2
8,000m2 retail and business centre
sports centre with polo, football, tennis, paddle facilities
100 horse equestrian centre with menages and 10km track
18 hole golf course, club house and driving range.

Current position: 236 hectares of land bought and full local and national consents granted. Status of land changed from rural to urban.

Location: Atlantida in the region of Canelones in the south of Uruguay.30 minutes from Montevideo. 30 minutes from Carracus Int airport. 5 minutes from the golden beaches of Atlantida.

Requirement: Land and project is for sale at newly reduced price of $9m. Opportunity for equity investor to purchase 50% of equity and to provide $10m capital to fund complete infrastructure and first phase. Project Director, sales director, architects ( with proven track record and experience) are keen to continue with the project.
Return of investment capital at 2.5 years. Total estimated profits over 7 year roll out are $135m ( excluding value of sports, golf, equestrian centre and management company).
Unlike Europe and North America south America is vibrant and are economically strong. Fantastic opportunity.

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