JLL Retained to Market the Sale of Five Islands

PUBLISHED August 19, 2021 | updated August 19, 2021 05:13

JLL Hotels and Hospitality Group has been held by Prime Locations Management Ltd. to make available for sale five undeveloped islands, arranged in Emboodhoo Lagoon, South Male atoll, Maldives. The islands, found simply a 15-minute speedboat ride from Velana International Airport and the Maldives capital of Malé. At the point when fostered the islands will be essential for CROSSROADS improvement, the biggest incorporated leisure and entertainment advancement ace arranged by Singha Estate Public Company Limited, Thailand's driving real estate developer. With a sum of around 284,500 square meters of dry land region, the five islands permit an incoming investor greatest adaptability in design scope and product positioning based on investors particular image technique and functional necessities. The islands are presently held under an immediate head lease agreement with the Ministry of Tourism for a 50-year time frame terminating in 2066. 

In an official statement gave on August 17th, Nihat Ercan, Senior Managing Director, JLL Hotels and Hospitality Group, Asia Pacific said, “The five islands represent an exceptional opportunity for an investor to acquire and develop a resort, or multiple resorts, to their own bespoke specifications in a highly attractive location just a short distance away from the capital and international airport. The Maldives is set to remain a global gateway resort destination and is top of the list for buyers from Asia Pacific and the Middle East. Incoming investors will benefit from the flexibility to work with international hotel operators to seek for highest possible future returns and from substantial future capital appreciation following completion of the resorts.”

Julien Naouri, Vice President, JLL Hotels and Hospitality Group, Asia Pacific further adds, "Supported by our new offer of Kanuhura and other dynamic deals that are in progress by the JLL group, we are proceeding to see vigorous investorinterest in the Maldives driven by reformist approaches pointed toward drawing in foreign capital and assumptions for a quick bounce back in leisure travel interest in the medium term. This sets the positive long haul perspective on the Maldives' accommodation space. 

JLL's Hotels and Hospitality Group has sold 18 retreats in the Maldives since 2012, taking the gathering's hotel deals in the Indian Ocean to more than USD1.3 billion to date. Invested individuals are mentioned to contact JLL.


Please login to Comment