Finance Articles

Pedasi, Panama's Nest of Fortunes: Ocean Legacy Provides Prime Real Estate Investment Opportunity

Panama City, Panama (PRWEB) June 19, 2007 -- Ocean Legacy (www.PanamaVacationRealEstate.com), a real estate company dedicated to the growth of Panama's Azuero Peninsula, announced its official offering of Toscana a prized 80 Hectare (200 acre) ocean view property in Pedasi. This real estate investment offering is to US institutional investors interested in developing a complete "turn-key" resort/residential project. This project is to be sold on both a whole ownership as well as fractional ownership basis with the services and amenities of a luxury hotel. Toscana is a prime real estate investment property in Pedasi, with extraordinary altitude and views of the Pacific Ocean, fully titled with road access. The Property adjoins several of the largest developments in Pedasi, including the famed Azueros Project (www.azueros.com).



Pedasi is being compared to Costa Rica's most desirable region, the Guanacaste province, for its friendly locals, beautiful weather and strong Spanish heritage. Pedasi is home of famed French Architect Gilles Saint-Gilles, whose masterpiece hotel Villa Camilla (Panama every year to watch whales, turtles lay their eggs, scuba dive, surf and of course for the year round World class fishing.

Pedasi is largely undervalued and has now become the most upscale real estate investment opportunity in the country of Panama, with houses selling between $400,000 and $1.5 million in the Azueros Project, designed by French Architect, Gilles Saint-Gilles. The property values for raw land are still $12 to $25 a sqm ($1.12 to $2.33 a sqft), compared to the Guanacaste region in Costa Rica where they are now well over $150 a sqm ($13.95 a sqft). According to US appraisal agent, Mr. William Lento and land owner in Pedasi, "Property values in Pedasi have tripled within the last year." He adds, "The increase of land prices comes from developers becoming aware of the uniqueness the area has to offer."

Ocean Legacy (www.panamavacationrealestate.com) Principal Jose Goldner says "Our goal is develop a strategic alliance/joint venture with a development company interested in high end, luxury projects that appeal to people who understand the perfect balance of World class amenities amidst an ecological paradise. Political knowledge of construction permitting processes are fundamental to real estate investment in foreign markets and that's what we do best" says Goldner. "Predictability of our legal procedures in construction has made our country a safe place to invest, the rapid growth is a testimony in itself," Goldner added.

Rod Robertson Chairman of Ocean Legacy and Managing Partner of Briggs Capital, a Boston based Investment Bank and Real Estate Development Company. is coordinating Ocean Legacy activities state side. He recently co-hosted a Fox Sports Network outdoor show with Pedasi Fishing S.A. that will air this fall and bring wider notoriety to the region. "Briggs Capital missed the gold rush in Costa Rica but are right on schedule with Pedasi, Panama to see through this remarkable development and real estate investment opportunity," said Rod Robertson.

Brian Piantadosi
Ocean Legacy General Manager
www.PanamaVacationRealEstate.com
www.PedasiFishing.com
www.Panamafishing.net
507-6750-3461

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