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Business Wire - Press Release
Pedasi, Panama's Nest of
Fortunes: Ocean Legacy Provides Prime Real Estate Investment
Opportunity
06.19.07, 6:06 AM ET
Ocean Legacy
(www.PanamaVacationRealEstate.com), a real estate company dedicated to the
growth of Panama's Azuero Peninsula, announced its official offering of
Toscana, a prized 80 Hectare (200 acre) ocean view property in Pedasi.
This real estate investment offering is to US institutional investors
interested in developing a complete "turn-key" resort/residential project.
This project is to be sold on both a whole ownership as well as fractional
ownership basis with the services and amenities of a luxury hotel. Toscana
is a prime real estate investment property in Pedasi, with extraordinary
altitude and views of the Pacific Ocean, fully titled with road access.
The Property adjoins several of the largest developments in Pedasi,
including the famed Azueros Project (www.azueros.com).
Pedasi is being compared to Costa Rica's
most desirable region, the Guanacaste province, for its friendly locals,
beautiful weather and strong Spanish heritage. Pedasi is home of famed
French Architect Gilles Saint-Gilles, whose masterpiece hotel Villa
Camilla (www.azueros.com) has become the secret getaway for the rich and
famous interested in Panama's breathtaking Azuero coastline. Pedasi is
well known for its proximity to the continental shelf that results in a
marine ecosystem that compares to nothing else in Central America.
Tourists come to this part of Panama every year to watch whales, turtles
lay their eggs, scuba dive, surf and of course for the year round World
class fishing.
Pedasi is largely
undervalued and has now become the most upscale real estate investment
opportunity in the country of Panama, with houses selling between $400,000
and $1.5 million in the Azueros Project, designed by French Architect,
Gilles Saint-Gilles. The property values for raw land are still $12 to $25
a sqm, compared to the Guanacaste region in Costa
Rica where they are now well over $150 a sqm. According to
US appraisal agent, Mr. William Lento and land owner in Pedasi, "Property
values in Pedasi have tripled within the last year." He adds, "The
increase of land prices comes from developers becoming aware of the
uniqueness the area has to offer."
Ocean Legacy
(www.panamavacationrealestate.com) Principal Jose Goldner says, "Our goal
is develop a strategic alliance/joint venture with a development company
interested in high end, luxury projects that appeal to people who
understand the perfect balance of World class amenities amidst an
ecological paradise. Political knowledge of construction permitting
processes are fundamental to real estate investment in foreign markets and
that's what we do best" says Goldner. "Predictability of our legal
procedures in construction has made our country a safe place to invest,
the rapid growth is a testimony in itself," Goldner added.
Rod Robertson Chairman of Ocean Legacy and
Managing Partner of Briggs Capital, a Boston based Investment Bank and
Real Estate Development Company. is coordinating Ocean Legacy activities
state side. He recently co-hosted a Fox Sports Network outdoor show with
Pedasi Fishing S.A. that will air this fall and bring wider notoriety to
the region. "We at Briggs missed the gold rush in Costa Rica but are right
on schedule with Pedasi, Panama to see through this remarkable development
and real estate investment opportunity," said Rod Robertson.
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