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PAL® Projects Prompt Interest in South African Investors

Unprecedented commercial success, accolades awarded by the real estate industry and praise from the President of the Republic, Cyril Ramaphosa, are just some of the achievements Crystal Lagoons® has accrued in South Africa. The Miami-based multinational is currently developing numerous crystalline lagoons in the country and already has 24 projects in different stages of development and negotiation.

As a consequence, the company is currently in advanced negotiations with investment funds and prominent real estate firms across the country to develop 20 Public Access Lagoons™ projects.

In South Africa, these developments also known as PAL™ projects, are expected to be developed in cities such as Polokwane, Mbombela, Pretoria, Johannesburg, Bloemfontein, Durban, East London, Port Elizabeth and Cape Town, among others, through a master agreement, an exclusive license agreement for a specific geographic area and a specific volume of projects.

“It is a new licensing model that has become a new long-term investment alternative, with perpetual income at rates of return never seen before, low investment and limited risk, since as projects are being built, they quickly generate profits and a financial pyramid occurs,” explains Crystal Lagoons Regional Director, Alastair Sinclair.

PAL projects are characterized by monumental crystalline lagoons surrounded by tropical beaches, which are accessed via ticketed-entry. There are models with more or less infrastructure and the most complete options include areas for trade shows, launches, food-halls, weddings, concerts on multiple stages overlooking beaches, terraces, domes, as well as gastronomy, retail, amphitheaters and shows.

Thanks to a new technology by Crystal Lagoons, bathing areas are kept at 28°C both at low cost and sustainably, ensuring optimal conditions throughout the year, similar to tropical seas, which allows them to be enjoyed for longer.

Commercial success

In the real estate industry, the success of these crystalline lagoon projects in South Africa has sparked the interest of many local developers seeking to partner with Crystal Lagoons.

An example of this is the most recent project by Crystal Lagoons in the country, Munyaka, one of the five residential developments anchored by a lagoon being developed in association with the real estate company Balwin Properties. The ultra-luxurious complex was praised by the President of the Republic, who celebrated its infrastructure and urban contribution.

Munyaka, near Johannesburg, not only conquered the country’s leader, but buyers. Its excellent results allowed Balwin Properties to increase its sales by 11% during the last fiscal year. In fact, in just four days, Munyaka sold 550 apartments, with a similar record to that recorded by The Blyde, another Balwin complex with Crystal Lagoons, located in Pretoria, recently awarded the 2019-2020 International Property Awards in three categories.

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PAL™ projects of Crystal Lagoons expand into Israel

Technology and improving the quality of life through innovation are the concepts that Crystal Lagoons and Israel share. In this country, one of the most innovative in the world, the multinational company founded by scientist Fernando Fischmann has entered with a new agreement to develop Public Access Lagoons™, also known as PAL™ projects, real estate, and mixed-use complexes.

The WOOOW! Entertainment projects, developed with the international real estate holding ECIPSA Group, will be located in different cities throughout the country. The developments will give Israeli city-dwellers access to an idyllic beach life all year round, irrespective of their particular climate, and will include a large crystalline lagoon suitable for swimming and water sports, with white sandy beaches. Also, they could include hotels, residential areas, gastronomic poles, retail, and beach clubs, among others.

Israel and Crystal Lagoons also share a commitment to sustainability and water protection, and the technology of the multinational has won several international awards for its sustainability. A vital feature of these lagoons is that they can use any type of water, including seawater and brackish water from arid areas, with no alternative use. This combination of factors paved the way for the debut of Crystal Lagoons in Israel, a country that has pioneered water protection.

The centerpiece of the PAL™ real estate and mixed-use projects will be a lagoon powered by Crystal Lagoons® technology, and, in the case of those with public access, any person will be able to access through the entrance fee.

“The fact that one of the world’s leading countries in innovation and water sustainability is welcoming Crystal Lagoons is a tremendous endorsement of our technology,” said Francisco Matte, regional director for Crystal Lagoons.

The company’s sustainable technology has been crucial to its success in developed countries. The lagoons only need filling once, operate with a closed-circuit system, can use any type of water (sea, brackish and fresh), and use 40% less water than a green area. Additionally, they use up to 100 times fewer chemicals than a swimming pool and only 2% of the energy of a conventional filtration system, certified by Bureau Veritas.

PAL™ developments have caught the attention of significant market players worldwide, with high-profile contracts signed in: the United States, Japan, Saudi Arabia, India, Korea, Palestine, Pakistan, Europe, and Colombia, among others.

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Crystalline Lagoon opens in the Costa del Lago project

Crystal Lagoons is making steady progress in Paraguay, a strategic market in Latin America where it has consolidated its success with projects in regions with great development potential and where the crystalline lagoons are the preferred amenity. Recently inaugurated crystalline lagoon in the Costa del Lago project, bringing beach life to Hernandarias, located a few minutes from Ciudad del Este.

Costa del Lago is Crystal Lagoons‘ fourth project in association with Raíces Real Estate, in addition to the Aqua Village (San Bernardino) and Blue Lagoon (Pedro Juan Caballero) developments, and a fourth complex, Aqua Terra (Luque), which will open its doors in the coming months.

Costa del Lago stands out for its sheer size, which expands over 740 acres, and its huge 8,6 -acre turquoise crystalline lagoon developed with Crystal Lagoons® sustainable technology. “The amenity invites you to connect with nature and create moments of relaxation,” the Paraguayan press notes.

The various neighborhoods offer single-family lots, houses, apartments, and enjoyment of its inhabitants, along with a clubhouse with all the amenities to celebrate special occasions and an environment of indescribable natural beauty. The complex also has sports areas and a marina with access to Lake Itaipu exclusively for water activities with motor equipment.

Crystal Lagoons® technology is changing the lives of millions of Paraguayans by bringing a piece of the ocean to the cities and creating urban beach life, just as 200 years ago, an architect in England brought a piece of the forest to the city of London and urban parks were created.

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Crystal Lagoons Expands Middle East Success

Crystal Lagoons enters the largest country in the Middle East, Saudi Arabia, with a new mega deal to develop real estate, hospitality, and Public Access Lagoons™, also called PAL™, projects. The development plan consists of several luxury complexes located in coastal and inland cities such as Riyadh and Jeddah, Dammam, Medina, and Khobar.

The multinational innovation company, founded by scientist Fernando Fischmann, has partnered with A’amal Group, a major holding company interested in investment, hospitality, real estate & energy development across the Middle East, Asia, and Africa. The company’s Founder & CEO, Yassin Al Suroor, is also the Founder & CEO of DANA Investment, which specializes in the digital economy. He is a board member of several regional and international companies and global nonprofit organizations.

With the new partnership with A’amal Group, Crystal Lagoons, has consolidated its presence in the Middle East, where it already has ongoing projects in the UAE, Egypt, Israel, Palestine, and Oman. The world’s two largest crystalline lagoons are located in the Middle East: District One in Dubai (30 hectares) and Citystars Sharm El Sheikh in Egypt (12.8 hectares).

“I am very pleased to announce this strategic alliance between A’amal Group and Crystal Lagoons and the potential that it holds for Saudi Arabia. We believe this partnership follows our vision for the future and are confident that working in synergy will lead to developing unique destinations throughout the country.” Said Yassin Al Suroor, President & CEO of A’amal Group

At the center of these PAL™ developments are large crystalline lagoons suitable for swimming and water sports, surrounded by white sandy beaches open to the public for a fee. The complexes also have commercial areas, restaurants, weddings, hotels, concert venues, terraces, amphitheaters, etc.

“Closing a strategic partnership like this for 10 PAL™ projects in Saudi Arabia is a milestone that validates our uniqueness and adds value as a brand. It also shows that the Crystal Lagoons® concept and technology can bring idyllic beaches anywhere in the world, even to the middle of the desert, and create unique tourism opportunities,” said Alastair Sinclair, Regional Director of Crystal Lagoons.

Crystal Lagoons experienced record global expansion in 2022 with its PAL™ projects. The company entered over 15 new markets and closed mega business deals in countries including Japan, Australia, India, Israel, and Palestine.

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