Crystal Lagoons kicks off 2022 with Mega Contracts and New Markets

14/01/2022

The year 2022 began with news for Crystal Lagoons, which continues to grow in the world. Among them, are new mega-contracts and the opening of new markets.

The revolution of the Public Access Lagoons™ projects, also known as PAL™ developments, has meant that the multinational water innovation company expands in several countries.

In Europe, for example, it will enter into Eastern European market, bringing the PAL™ concept to the main capitals of that region, cities of great cultural and historical richness as well as being iconic tourist destinations. These are Budapest (Hungary), Prague (Czech Republic), Bucharest (Romania) and Warsaw (Poland).

Another new market to which Crystal Lagoons will bring beach life is Central America, more specifically Costa Rica, a country known for its more than 600 beaches and 1,228 kilometers of coastline. In this iconic tourist destination, the multinational is proceeding with its first PAL™ development, which is part of a mega-contract for 11 such complexes signed with successful Central American businessmen and wealthy families. This agreement opens up the possibility of developing other projects in countries such as El Salvador, Honduras, Panama, Nicaragua, Dominican Republic and Belize.

The company is also growing its presence in the United States, its largest market worldwide. In Orlando, Crystal Lagoons is negotiating a second contract for two public access complexes with ADËLON Capital, a firm with which it has already entered an agreement for at least five additional artificial lagoons in that city. These projects are in addition to Evermore Orlando Resort, a development that is advancing at a steady pace in the footsteps of Disney World and Universal Orlando Resort.

In the Middle East and North African (MENA) region, Crystal Lagoons is expanding with five new complexes in Egypt, its most important market, where the emblematic Citystars Sharm El Sheikh is located in the heart of the Sinai desert, with a 12.5-hectare crystalline lagoon. New developments this year are focused on the Red Sea (Abu Soma) and Cairo, in partnership with the same developers of the Sharm El Sheikh (Sharbatly) and Fouka Bay and Mount Galala (Tatweer Misr) projects on the North Coast.

Meanwhile, in Dubai, the company is negotiating a master agreement for five PAL™ developments in partnership with a prestigious German-African real estate fund. Meanwhile, the luxury residential development Tilal Al Ghaf is also making headllines by expanding its 7-hectare lagoon to 13 hectares, triggered by its extraordinary success in sales, placing it among the top 5 best-selling greenfield projects in Dubai. In Saudi Arabia, the multinational is in talks for three new contracts, of which two are master agreements for PAL™ lagoons and a real estate project in Jeddah.

Crystal Lagoons also has plans in the Oceania and Asia markets, which include five projects in Australia, a master agreement in South Korea (31 PAL™ projects), developments in Japan (in Okinawa and Osaka), 15 PAL™ projects in Pakistan and two new developments in Palestine.

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Crystal Lagoons achieves new milestones in the inauguration and filling of lagoons in 2023

25-08-2023

Throughout this year, Crystal Lagoons has achieved several milestones. Among them are the inaugurations and filling of lagoons on different continents, Real Estate, and Public Access Lagoons™ projects, also known as PAL™ developments. Many of these complexes stand out for their successful sales performance and also for the impressive size and spectacular nature of their crystalline lagoon.

America

In the United States, the main market for Crystal Lagoons worldwide with 260 projects in different stages of development, the multinational company achieves two significant milestones, both in the state of Florida, where it experiences great dynamism with 51 projects.

The first one is marked by the inauguration of Mirada Lagoon in Tampa, the largest crystalline lagoon in the United States, covering an area of 6 hectares. This is the fourth project in association with Metro Development Group.

On the other hand, in Orlando, the filling of an iconic new crystalline lagoon has been completed, the city’s first. It is situated within the Evermore Orlando Resort tourist complex, located near the renowned Disney World and Universal Orlando Resort theme parks, and will host the first Conrad Hotel in the area. The crystalline lagoon in this project offers the opportunity to enjoy the idyllic beach life experience in the country’s most visited destination.

Latin America leads in openings. Two projects stand out in Paraguay, both in partnership with Raíces Real Estate: Costa del Lago, in Hernandarias, a few minutes from Ciudad del Este, and Aquaterra, in Luque, on the outskirts of Asunción. Once the lagoon of the exclusive residential and hotel complex “The Beach Punta Cana City Place” completes its filling, the Dominican Republic will boast the largest artificial lagoon in the Caribbean, covering an area of 3 hectares.

In Argentina, the most important market for Crystal Lagoons in the region, Remeros Beach, with 3.5 hectares, was inaugurated in the northern area of the capital, Buenos Aires. Baia Kristal, in the top tourist city of Colombia, Cartagena de Indias, is also preparing for its upcoming opening.

Africa

In South Africa, the award-winning and top-selling Munyaka project, driven by Crystal Lagoons in partnership with the country’s main developer, Balwin Properties, achieved a new record by inaugurating the largest crystalline lagoon in the country. Recognized as “Johannesburg’s first beach” this stunning body of turquoise water covers an area equivalent to seven rugby fields.

With more than 31 projects, Egypt has positioned itself as Crystal Lagoons’ most solid market in the MENA region. In 2023, the filling of the lagoons at Swan Lake Stage 3, Fouka Bay, and Il Monte Galala will be completed, with the latter standing out as the world’s first crystal-clear lagoon in a mountainous area.

Crystal Lagoons Brings Beach Life to the Largest Mall in the Colombian Caribbean

28-07-2023

Crystal Lagoons enters the Latin American retail market as part of the largest shopping and entertainment center in the Colombian Caribbean. The central element of the project located in Cartagena de Indias, “Azul de Arenas,” will be a 3-hectare crystalline lagoon suitable for swimming and water sports.

These developments, to which anyone can enter by paying a ticket, also incorporate commerce, a 150-room hotel, offices, apartments, and health centers, among other spaces.

The 120-hectare development is located in this dynamically growing city and will be one of the most important commercial projects, with 110,000 m² of leasable area, highlighting its design and sustainable urbanism, characteristics of Crystal Lagoons® technology.

“Shopping centers today must reinvent themselves and introduce new functional and experiential offerings to the public. PAL™ projects provide an answer to this need, as they not only offer an idyllic beach life but also bring together restaurants, event centers, culture, shows, and attractive activities, factors that enhance public attraction. An example of this is Ary Laguna, one of the largest shopping centers in Pakistan, and the advanced conversations with major US retailer chains,” explains Miguel Ángel Cabañas, Regional Director for Latin America and the Caribbean of Crystal Lagoons.

A Long-Term Agreement

Azul de Arenas is part of one of the largest agreements signed by Crystal Lagoons in Latin America, in association with AED Constructores, one of the main real estate firms in the country. The mega-contract includes 13 projects with crystalline lagoons that, in addition to the Colombian Caribbean, will also enhance another tourist icon such as the “Eje Cafetero”.

The success of Baia Kristal, Crystal Lagoons’ first real estate complex in the country, also in partnership with AED Constructores, prompted this company to sign the master agreement to develop projects in Barranquilla, Santa Marta, Pereira, and Cartagena de Indias itself.

“The fact that one of Colombia’s leading developers, such as AED, partners with Crystal Lagoons to build numerous projects, including the largest shopping center in the Colombian Caribbean, shows how our concept and technology are a success in Colombia,” adds Cabañas.

The PAL™ model has piqued the interest of important players worldwide. Crystal Lagoons experienced a record global expansion with these projects. The company entered more than 15 new markets and closed mega-commercial agreements in countries such as Japan, Australia, the United States, India, Korea, Pakistan, Israel, Palestine, Saudi Arabia, Costa Rica, and Central America, among others.

Learn more about our PAL™ projects here.

Crystal Lagoons Enters Guyana and Suriname Boosting Urban and Tourism Development

19-07-2023

Crystal Lagoons already has a strong presence in Latin America, with 200 projects at different stages of development and negotiations in Mexico, Argentina, Colombia, Chile, Paraguay, Bolivia, the Caribbean region, and other countries.

The regional expansion is set to continue with the addition of Guyana and Suriname, two new markets with a limited geographical area, population, and tourism infrastructure. The company will develop Public Access Lagoons™ projects under a master agreement with Grupo Monarch, a local leading conglomerate of international franchises.

The agreement is centered on developing the real estate, financial and tourist potential that these crystalline lagoons offer, transforming urban lifestyle by introducing idyllic beaches in the middle of major cities.

Recreating urban developments hubs

In Guyana, the venture will seek to capitalize on an expanding economy that has seen a 60% growth in GDP due to the discovery of oil deposits in recent years. The first of several PAL™ projects will be developed in Guyana’s capital Georgetown, which has a coastline with water that is unattractive for bathing.

The new resort will be called “Golf Club Houses & Eco Hotel,” and will feature a lagoon as the central attraction, surrounded by a hotel complex, a golf course, residential homes, and other related infrastructure typical of this public access model.

“The entry of Crystal Lagoons to Guyana and Suriname is proof of the added value of this type of amenity and its role as a catalyst in creating urban development hubs. For the price of an entrance fee, the general public will be able to enjoy the crystalline lagoons and white sandy beaches of the PAL™ complexes, a true tropical paradise in the middle of a city,” said Miguel Angel Cabañas, regional director of Crystal Lagoons for Latin America and the Caribbean.

These large bodies of crystalline water maximize the touristic potential of urban areas in different countries and cultures through the creation of environmentally friendly hotspots. PAL™ projects have received a number of international awards for their sustainable technology that has been certified by Bureau Veritas for its minimal use of water – which is 40% lower than a green area of equivalent size and 33 times less than an 18-hole golf course – and energy, which is only 2% of the power required by conventional swimming pool filtration systems.

Know more about our PAL™ projects here!