Shamraco Construction Limited becomes a co-investor
03/30/2013

Uruguay real estate market participants offered Shamraco Construction Limited to join compound project that implies aquapark creation with all supplementary utilities.

Online PR News – 30-March-2013 – Limassol – Uruguay real estate market participants offered Shamraco Construction Limited to join compound project that implies aquapark creation with all supplementary utilities.

Shamraco Construction Limited managed to normalize its investment activity on the territory of Uruguay. Now when the company identified main areas that have the highest potential Shamraco Construction Limited plans to start extensive campaign. Teams of specialists now work in the area of Montevideo and Punto del Este but according to the recent news from HR representative the company will start new project in the suburbs of the latter city.

Last Monday the company accepted the invitation of local group of investors to take part in compound project that includes the creation of aquapark and supplementary utilities. This is very expensive and long-term project. At the present moment all parties of this cooperation review the drafts and evaluate the shares of each participant. According to the cooperation contract Shamraco Construction Limited will be responsible for construction residential complex near aquapark and all service utilities. The company also intends to take full responsibility for commercial objects of this project. The overall price of the project is not divulged though.

It is the first time for Shamraco Construction Limited to participate in the project of this scale. With constant visits of tourist this complex has very bright forecasts of the experts. Shamraco Construction Limited will receive all drafts as soon as they will be approved by both all participants of this project and by local authorities. Despite certain issues are not yet solved Shamraco Construction Limited already runs business talks with its construction partners to identify whether the efforts of this entity would be enough. In case the resources of more than one building company are required Shamraco Construction Limited will announce bidding for this opportunity.

Headquaters contact information:

Laiou street, Anna Court,
Block A, 7th floor, office 502,
CY-3015, Limassol, Cyprus