W5 Group, a privately held, family-owned company, sells its 50% share in the development project “Lagunas de Mayakoba” to OHL Desarrollos México, S.A. de C.V.
“Lagunas de Mayakoba” is located in the heart of the city Mayakoba in the Mexican Caribbean. The development project offers 1,864 villas and condos with high-end architectural design that are surrounded by an oasis of clear water lagoons and spacious green areas. With expected sales revenues of USD 320m and a gross area of roughly 23 hectares, the project is one of the largest developments in Playa del Carmen.
“Vacation or secondary homes in emerging markets represent a perfect investment with huge growth potential. Especially Mexico shows high demand for this asset class as the number of middle-class income households are growing. European real estate experience and know how is extremely valuable and make it easier to perform in these emerging markets and has the potential to lead to enormous returns”, says Ralph Winter, W5 Group.