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Nyesa S.A. Announces $330,000,000 Real Estate Development in Costa Rica

Categories: Business, Costa Rica, Tourism
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Published on: 2013/01/22

Read more:  Nyesa Announces Real Estate Development in Costa Rica – CentralAmericaData :: The Regional Business Portal.

Nyesa Announces Real Estate Development in Costa Rica

Nyesa Valores Corporación has announced the signing of a $330 million agreement with a North American investment fund to finance the construction project.

The complex will be constructed in the Costa Rican Pacific port town of Puntarenas and will feature a world class golf course designed by champion golfer Greg Norman, beach club, sports center and 1,400 residential units including villas, condos and vacant lots.

Sources inside Nyesa Valores Corporación have stated that the total cost of the project is expected to be more than $1,600 with approximate profits of $485 million.

The project will be carried out in several phases, the first being general infrastructure development including the first SETAI branded hotel. This phase is predicted to cost $632 million, of which $330 million will be provided by the investment fund with a 10 year repayment term.

Leer más en:  www.nyesavalorescorporacion.com

 



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