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Spanish Invest $2.5 Billion In Real Estate Development

10 July, 2016

Grupo Grand Coral,a Spanish property developer backed by Spanish financial
houses Bancaja and Banco de Valencia,announced last month that they will invest
$2.5 billion in their new Riviera Maya real estate
project.

The 561 acre oceanfront development,Grand Coral Riviera Maya,
is located 30 minutes from Cancun Airport and five minutes from Playa del Carmen.

Jordi Mercadé,CEO
at Grupo Grand Coral,said,“This master development presents a great
opportunity to developers and investors to be in an impressive gated community
with multiple real estate options.”

The plan is to blend notable brands,
resorts,a Nick Price golf course,entertainment,retail and restaurants,to
create a "grand oasis" on the Riviera Maya.

The developers said it is the
largest investment in Mexican Caribbean and will showcase more than 6,900
residences at its completion.

Mareazul luxury condos at the Grand Coral
are already available for pre-sale.

Contact us or visit our real estate website
for more about Riviera Maya real estate

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