Crystal Lagoons® Successfully Presents Public Access Lagoons™ in Peru
Following success in the Peruvian real estate market, Crystal Lagoons® is currently in advanced negotiations concerning an exclusive Master Agreement to develop Public Access Lagoons™, also known as PAL™.
Indeed, Crystal Lagoons has already launched real estate projects, such as Hacienda La Joya (primary residence) and La Jolla de Asia (holiday homes). The firm has additionally signed 8 new contracts and has 19 in different stages of negotiation, including three new developments in the suburbs of Lima.
The interest that investors have shown is now focused on developing 10 PAL projects in the cities of Lima, Arequipa, Tacna, Piura, Trujillo and Ica. In late 2019, Crystal Lagoons executives held a roadshow in the country’s capital, where they presented the PAL business model to renowned investment and real estate funds.
“Peru is a market with great potential for PAL projects due to its climate and population, among other factors. In fact, the success seen by similar entertainment alternatives currently on offer reflect that they are highly demanded by locals, and confirms that Peruvians are interested in projects of this nature,” explains Jean Pierre Juanchich, Regional Director Latin America of Crystal Lagoons.
Crystal Lagoons markets PAL through Master Agreements, long-term strategic contracts and a large volume of projects, which are negotiated by specific areas or regions.
PAL are characterized by their monumental crystalline lagoons surrounded by white sand beaches, which are accessed through a ticket, and which incorporate services such as restaurants, beach clubs, retail stores, amphitheaters, and recreational and cultural activities.