Attention – a vast new pool of liquidity is available for real estate investment. More specifically, a Chilean developer is now looking for partners to build the largest swimming pools on earth.
If you’d like to see an example of what Crystal Lagoons, the developer, means when it says “largest,” check out the pool on display at the San Alfonso del Mar holiday complex along Chile’s central coast. The outsized water feature was recently
listed as the world’s largest pool by Guinness World Records.
San Alfonso del Mar
Completed in 2006, it measures one kilometre in length, the equivalent to 6,000 standard sized swim pools, and holds 2.5 million litres of water. That is large indeed, and arguably a little out of place given its proximity to a tiny seaside town called Algarrobo.
Chilean entrepreneur Fernando Fischmann took ten years to develop the technology required to maintain water quality on such a large scale. Water is pumped in from the Pacific Ocean, then filtered and treated. The project’s financial success depends on a “build it and they will come” model – who wouldn’t want to rent a room overlooking a gargantuan, crystal swimming pool?
Fischmann’s company is looking to export his idea around the world. Crystal Lagoons already has a list of developments in Chile, Argentina and Panama as well as other locations. The company is willing to enter into joint ventures in which it will contribute capital as well as expertise. But for now, if you want to check it out for yourself, the cost of a four-room apartment for eight days is $2,000. Don’t forget your swim suit.