Asset Description
The opportunity entails a collective or individual sale of five undeveloped islands of Emboodhoo Lagoon, situated in South Male atoll just a 15-minute speedboat ride from Velana International Airport and the Maldives capital of Malé. When developed the islands will be part of Crossroads development, the largest integrated leisure and entertainment development master planned by Singha Estate Public Company Limited, Thailand’s leading real estate developer.
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Attributes
Land area net
28.45 ha (284,500 m²)
Media
Investment Highlights
- ADVANTAGEOUS LOCATION & CONNECTION TO THE WIDER CROSSROADS COMPLEX: The project entails a scalable hospitality development spanning five islands, which form part of the larger entertainment complex of Crossroads. It is conveniently located in South Malé Atoll, only 15-minute speedboat journey from Velana International Airport.
- DIRECT LEASE AGREEMENT: The Islands are held under a direct head lease agreement with the Ministry of Tourism (“MOT”) for a 50-year period expiring in 2066.
- VACANTPOSSESSION WITH PLANNING & DESIGN FLEXIBILITY: The Islands are offered individually or collectively on an as-is basis, allowing full flexibility for investors to design and scope each island according to their bespoke specifications and requirements.
- PART OF A UNIQUE-INTEGRATED DEVELOPMENT COMPLEX: Crossroads encompasses a total of 9 islands, 7 km of coral reefs, largest privately-owned marina, over 4,000 m2 of retail space, cultural center and an array of marine life activities.
Contact brokers
Five Vacant Islands of Crossroads Maldives (0 Properties)
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Last updated
30 Nov 2022
