ebulletin

November 1, 2023
Public Access Lagoons for swimming and water sports
Crystal Lagoons has completed a major expansion in Australia. The company has signed a contract with investment fund Vibranium Capital Partners to develop 16 new Public Access Lagoons projects, also known as PAL developments, in Australia. Additionally, the agreement considers the possibility of entering with ten additional projects in other countries in Oceania and Southeast Asia.
Australian cities have been ranked among the best in the world to live in because of their geographical richness and nature. Through this contract, cities like Melbourne, Sydney, Adelaide, Perth, Brisbane, and the Gold Coast will have large crystalline lagoons suitable for swimming and water sports, surrounded by white sand beaches. These complexes contribute new beach hubs, catering to the Australian lifestyle where aquatic activities and entertainment hold a prioritized place.
While these cities are located close to the coast, the projects of Crystal Lagoons will develop second and safer shorelines. They will provide additional tourist infrastructure to the natural beaches that enable people to swim and practice water sports in a secure way, free from the risks of the sea in that area.

The partner in this contract is an Australian investment fund with operations in Oceania, the Americas, and Asia, with more than 30 years of experience and an investment portfolio of US$4 billion. The firm's interest in the PAL model is to expand their strategic partnerships and real estate development opportunities in key markets.
Like all public access projects of Crystal Lagoons, the centerpiece is a crystalline lagoon, which can be accessed via ticketed entry. The PAL complexes also incorporate restaurants, multifamily areas, hotels, retail, beach clubs, etc.