Grand Coral invests US$3 billion in Mexico
Mexico City — Grand Coral informed they will invest around US$3 billion within the next seven years in the development of a tourism-residential project in Riviera Maya.
The Firm, with the participation of Grupo Bancaja (35%) and the Mexican Grupo Mar (35%), as well investors in the tourism sector, assured its project will be the largest in Quintana Roo.
Plans are to build 6,500 houses, two hotels, one beach club, one shopping mall and a 180 meters long pool in this development.
“The Mexican market is being very important for projects, in Cancun it is above 90% -- the rest is from Europe and the USA – there is a large medium class which is growing”, Mercade said.
The Firm is also working in the development of two projects in Baja California Sur, 400 hectares in San Jose del Cabo and 900 hectares in Cabo del Este, estimating an investment higher than that planned for Grand Coral Riviera Maya.
Mexico City — Grand Coral informed they will invest around US$3 billion within the next seven years in the development of a tourism-residential project in Riviera Maya.The Firm, with the participation of Grupo Bancaja (35%) and the Mexican Grupo Mar (35%), as well investors in the tourism sector, assured its project will be the largest in Quintana Roo.
Plans are to build 6,500 houses, two hotels, one beach club, one shopping mall and a 180 meters long pool in this development.
“The Mexican market is being very important for projects, in Cancun it is above 90% -- the rest is from Europe and the USA – there is a large medium class which is growing”, Mercade said.
The Firm is also working in the development of two projects in Baja California Sur, 400 hectares in San Jose del Cabo and 900 hectares in Cabo del Este, estimating an investment higher than that planned for Grand Coral Riviera Maya.
Source: CNN Expansion - 13 June 2008
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10 September 2010
