Crystal Lagoons Strengthens its Presence in Argentina

22 March, 2024 / News

Argentina emerges as the epicenter of Crystal Lagoons expansion in South America, with new projects consolidating its position in this market. The multinational recently announced developments in Buenos Aires (Openn Pilar), Rosario (Vida Lagoon y Distrito Cero), and Mar del Plata (Developer Aqua),

These projects are not the only ones. Crystal Lagoons is also developing other complexes in association with leading local real estate managers, including Castex, Morvial, Arkken Group, Rossetti Desarrollos Urbanos, Grupo Monarca, Grupo Developer, DLM, Galp Inversiones, and Vizora, covering various regions such as Gran Buenos Aires, Córdoba and Pinamar.

The success of Crystal Lagoons in Argentina is undeniable. Projects like Terralagos, Lagoon Pilar, Acquavista, and Remeros Beach, have generated enormous interest in the market, with impressive sales results. For example, Remeros Beach marketed over 50% of its sites in just two months. Terralagos sold over 1,000 plots and exhausted its apartments in record time, even generating a waiting list for its next building launch in Buenos Aires. On the other hand, in Mar del Plata, Developer Aqua sold a third of its project on the first day of commercial release, tripling the price per square meter and setting a milestone in the coastal city’s real estate market.

“In Argentina, beyond the different economic situations, the success of Crystal Lagoons does not stop. Projects incorporating lagoons generate exponential added value in the real estate sector. The projection is even more positive because an increase in foreign investment is expected in the coming months, which will further boost the real estate market”, explains Francisco Matte, Crystal Lagoons’ regional director for Latin America.

One of the keys to the multinational’s success in Argentina is the beachside lifestyle of its residents who, thanks to the crystalline lagoons, can enjoy turquoise waters just steps from their homes without the need to take a plane, even in inland areas such as Córdoba and Rosario and in a renowned resort town like Mar del Plata.

Crystal Lagoons also has advanced negotiations in Argentina to develop Public Access Lagoons™, also known as PAL™ projects. These complexes, accessible to anyone by paying a ticket, feature large crystalline lagoons and white sand beaches surrounded by attractive amenities such as restaurants, beach clubs, retail outlets, theaters, and cultural activities.