Leading Financial Newspaper Highlights Crystal Lagoons® Expansion in Peru

4 May, 2020 / News

In the coming 10 years, Crystal Lagoons® plans to bring between 15 and 20 artificial lagoons to different cities across Peru, and is currently in negotiations with two real estate developers, explained Cristián Lehuedé, executive director at the multinational, in an extensive interview with leading Peruvian financial newspaper, Gestion.pe. He added that at least four of them would be developed in Lima, another four in Arequipa, and the others in Tacna, Piura, Trujillo and Ica.

Going under the concept and business model known as Public Access Lagoons™, PAL™, the general public will access the lagoons via ticketed entry, which on average could cost between US $10 and US $15, according to estimates based on the experience of this business model applied in other cities across Latin America.

The company provides the technology for the development of large crystalline lagoons of surrounded by white sand beaches, which are built in partnership with companies pertaining to the real estate or leisure industry.

Crystal Lagoons provides the technology. The development of these lagoons requires an alliance with a company that can build, operate, and take care of their maintenance, while managing the leasing of the businesses that are located around the lagoon as well as security, etc. We are looking for an exclusive partner to oversee investment in these projects in Peru,” added Lehuedé.

Unlike pools or other artificial lagoons, the technology used to power Crystal Lagoons amenities (based on patented sustainable technology in more than 190 countries around the world)allows much larger bodies of water to be built and maintained in crystalline condition without incurring in excessive costs, Lehuedé added.

These lagoons require up to 100 times less chemical products than conventional swimming poolor drinking water treatment technologies, and consume only 2% of the energy required by conventional swimming pool filtration systems.

Peru already has two such lagoons powered with this unique technology, although they do not offer public access. They are found in at multifamily developments known as La Jolla de Asia (Lima) and Hacienda La Joya (Arequipa) and can only be enjoyed by residents and homeowners. This was the company’s original business model: providing the technology for the construction of lagoons in real estate projects, which in turn ensures the developments added value.

Considering its climate, population, and the touristic areas it already has to offer, company estimates indicate that Peru has the capacity for 15 or 20 PAL. Each lagoon would average between 5 and 7,5 acres.

Crystal Lagoons provides the technology. The development of these lagoons requires an alliance with a company that can build, operate, and take care of their maintenance, while managing the leasing of the businesses that are located around the lagoon as well as security, etc. We are looking for an exclusive partner to oversee investment in these projects in Peru,” added Lehuedé.

The company is currently in “relatively advanced negotiations” with two real estate developers, however, these negotiations have been delayed due to the difficulties associated with the quarantine the country is undergoing to mitigate contagion due to coronavirus. The construction of each lagoon would require an investment ranging between US $10 million and US $15 million.

“We hope that when this happens, our estimates indicate that could be next year, we will be signing a contract with one of them and after that it would take us a further two years to have the first Public Access Lagoon built (…). I think that once this stage of social distancing has passed, people will be very eager to go out and socialize on weekends in a beautiful setting that is close to their town. And that is what we aim to provide,” he said.

Lehuedé also noted that the company has signed a further eight projects with real estate developers for the construction of residential, private lagoons, which are currently in the planning stage. “These are projects that normally take a long time and could certainly take a little longer due to current quarantine restrictions,” he added.

Crystal Lagoons 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 clear water lagoons at very low costs.

Gestion.pe

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