CB Commercial acted as advisor to Cerved Credit Management S.p.A. in the sale of Green Park in Porto Rotondo (OT) one of the leading tourist resorts in Northeast Sardinia.
The resort, located only 700 m. from the sea and consisting of apartments, swimming pools, and tennis courts, was purchased through a competitive bidding process by a private northern European developer, also assisted by CB Commercial.
The developer, who has also purchased other neighboring areas, will undertake a major redevelopment project that will develop a volume of more than 20,000 cubic meters, thus repositioning the property in the luxury tourist residential market while fully respecting the surrounding environment.
"Sardinia has long been a particularly attractive destination for investment in the Hospitality and luxury residential sectors. The hotel world records numerous transactions and a continuous search for opportunities by, in particular, international players." Declares Valerio Pugliese - Head of Capital Markets at CB Commercial "The luxury tourism market in Costa Smeralda and, in general, in Gallura is supported by the growing demand for luxury solutions for the summer period."
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