JLL Appointed to conduct the sale of five undeveloped Maldives islands
Prime Locations Management Ltd. has appointed JLL to sell five undeveloped islands in Emboodhoo Lagoon, South Male atoll, Republic of Maldives.
The opportunity involves the collective or individual sale of five undeveloped islands in Emboodhoo Lagoon, which is located in South Male atoll, just a 15-minute speedboat ride from Velana International Airport and the Maldives capital of Malé. When completed, the islands will be part of Singha Estate Public Company Limited’s Crossroads complex, Thailand’s largest integrated leisure and entertainment master planned by Singha Estate Public Company Limited, Thailand’s top real estate developer.
The five islands, with a total dry landmass of approximately 284,500 square meters, provide a prospective investor with maximum freedom in design scope and positioning of the product depending on the incoming investor’s individual brand strategies and operational specifications. The islands are now held under a 50-year direct head lease arrangement with the Ministry of Tourism, which expires in 2066.
Crossroads consists of nine islands, seven kilometers of coral reefs, the world’s biggest privately-owned marina, over 4,000 square meters of shop space, a cultural center, and a variety of marine life activities.
Since 2012, JLL’s Hotels & Hospitality Group has sold 18 retreats in the Maldives, bringing the group’s hotel sales in the Indian Ocean to more than USD1.3 billion. Individuals who have made investments are encouraged to contact JLL.