Everty, the global real estate company, will invest $100 million in the development of commercial and hospitality real estate projects across the country over the next three years in the country as it looks to expand its already growing portfolio of Costa Rican commercial and hospitality properties.
The company, which has a portfolio of properties in countries including the US, Bulgaria, Greece and Nigeria, and Costa Rica, continues to see the country as a key part of its asset base. This is largely due to Costa Rica's tourism potential, particularly eco-tourism, as well as its growing presence as a significant hub for business and technology. These factors mean there is an increasing demand for business travellers as well as state-of-the art commercial property.
“At Everty we have been building on our significant real estate portfolio in Costa Rica over the past two years, including purchasing and making plans to renovate Jade Hotel and Jürgen’s Restaurant in Barrio Dent, buying Koora in Monteverde (which was formerly the Aguti Hotel) and Casa Anjali in Manuel Antonio, and have just secured permissions to develop a striking new 8-floor landmark mixed-use commercial development in Barrio Dent. Now more than ever, we wish to continue our expansion across both our commercial and hospitality portfolio in such a manner that will help promote the economy and offer new employment opportunities to people across all sectors and industries,” stated Harold Chamberlain, Global Business Officer for YNV Group, the multinational group of companies of which Everty is a part.
This type of investment brings many benefits and productivity chains that directly and positively impact both society and the economy. “We are pleased that companies such as Everty invest in Costa Rica and that, despite of the current global context, can maintain their investment plans as foreseen. The real estate development that Everty foresees in the coming years is aligned to the efforts the country is making to offer employment opportunities, boost market competition and bring new hopes and opportunities to Costa Rica,” added Vanessa Gibson from the Costa Rican Coalition for Development Initiatives (CINDE).
The world is changing in the face of the global coronavirus pandemic and Everty is committed to adapting to those changes and providing solutions where possible. As well as enabling its employees to work from home where possible to protect their safety, the company is looking at ways it can make its properties available for use by organizations working to provide solutions during the pandemic. The company is keen to hear from relevant organizations on this topic.
This news was reported by media in Costa Rica including La Nación and La República
It was also reported on Multimedios Costa Rica in this broadcast interview featuring Harold Chamberlain, Global Business Officer at YNV Group. You can watch the interview here.