The project is fully incorporated into a Uruguayan Limited company.
The land has already been allocated URBAN status from its previous RURAL status.
The value of the individual residential building plots alone, once the initial infrastructure is in place will be $50 million.
One of the existing shareholders and principal director would be interested in running the project either as a participating shareholder or on a contract basis. He has 30 years experience in property development across the world. This director is responsible for the conception of the project, land acquisition, obtaining building permissions and research. This element could be very attractive for financial investors.
The project has full concent and backing at both local and national levels.
The project has taken 5 years to get to this stage.
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