Financial press covers Crystal Lagoons’ two latest projects in Paraguay

15 July, 2015 / News

The renowned Latin American newspaper “El Mercurio” highlighted Crystal Lagoons’ expansion in Paraguay with the inauguration of two crystal clear lagoons in that country.

The article states that between August and December, the multinational firm base in Miami -and linked to Fernando Fischmann – that is already present in 60 countries, will open its two first projects in Paraguay. Crystal Lagoons has four initiatives in that country in different development stages in Ciudad del Este and in Asunción outskirts, both in partnership with Paraguay’s main real estate developers. The two first projects are being developed by Inmobiliaria Raíces, which has more than 45 years of experience in the Paraguayan real estate market.

El Mercurio provided details about Crystal Lagoons’ four projects in Paraguay. The first project, Blue Lagoon Amambay, considers a total investment of US$ 70 million and a 4-hectarenavigable crystal clear lagoon. The plan is part of 86 hectares and will feature 800 residential units between houses and apartment units, apart from lots and restaurants, among others.

The second project is Acqua Village, located in the touristic destination of San Bernardo, 50 kilometers away from Asunción. This is a second home development aimed at higher segments that includes a 2.5-hectare navigable crystal clear lagoon. The total investment is US$ 55 million.

Terminal Occidental SA (TOSA) joins the previous initiatives. This is a mini-city in the Villa Hayes zone, 15 minutes away from Asunción city centre and that it will rise in a 1.400-hectare land site with a total investment of US$ 4 thousand million in a 20-30 year period. It will include a 8.3-hectare crystal clear lagoon that will be surrounded by 2.300 residential units (first-second home and offices). It will feature hotels, commercial areas, and educational centres, touristic and ecological facilities, among many others.

In Ciudad del Este, Crystal Lagoons carries out Costa del Lago, with a total investment of US$ 100 million and a 3.5-hectare crystal clear navigable lagoon.

Crystal Lagoons Corp. is an international innovation company, founded by scientist Fernando Fischmann, which has developed a patent-protected technology that allows the construction and maintenance of unlimited-size crystal clear lagoons at very low costs.

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