€35M - Surf Village (PIP Phase 1) - Addu City, Maldives
Total Development Area: 25.5 km²
Initial Project Phase: Masterplan, studies, and strategic land acquisition
Approved Project: Luxury surf resort and residential village with fractional ownership model
Key Features:
3,000 “Surf Week” apartments and 500 hotel rooms (fractional units)
Wave generation up to 10m for all surf levels
50MW solar, 5,000m³/day desalination, and full ESG alignment
Pre-approved hotel licenses on strategic island asset (Canareef Island)
Self-contained infrastructure for energy, water, and waste
Investment Highlights:
€35M investment secured by €38.5M collateral
€105M real estate credit return within 24 months
Pre-sale potential of US$3.875B from <10% of inventory
Early access to prime unit selection or liquidity payout
Strategic alliances with Government of Maldives as co investor
Joao Fernandez