Shamraco Construction Limited Parts Its Capital
Shamraco Construction Limited decided to part its capital in order to include several new places in its investment focus area. Montevideo is the next target of the company.
Online, March 28, 2013 (Newswire.com) - Present-day Uruguay is a perfect place for investing in real estate market. This area is extremely popular among tourist from all over the world. Developing economies like Uruguay contain much more opportunities for investing the capital and possess higher potential. For this reason Investors tend to place capital in these states rather than in European developed economies, especially now when the territory of EU is under heavy influence of world financial downturn.
Immediately after market integration process was over Shamraco Construction Limited switched to active investments and market research to find out perspective objects.
Recently the company decided to divide its capital in order to stream its activity in several directions. Before this decision Shamraco Construction Limited concentrated on high-class expensive property in Punto del Este. Throughout the period of December-April this region experiences strong inflow of foreign tourists, so property-for-lease is of high popularity here. Now Shamraco Construction Limited has strong intention to acquire several apartments in various parts of Montevideo.
Montevideo is the capital and economic center of the country. Its population exceeds the mark of 1 million citizens. The center of the city is not considered to be a popular place but following the overall price tendency property tenants have no problems with leasing their apartments. For this reason Shamraco Construction Limited started searching for perspective objects for lease. Foreign business man coming to the city for several days and seeking high-end property will find it in the list o Shamraco Construction Limited. The company also signed long-term contract with local developer and design agency to gain local support while implementing or creating its own real estate opportunities.
Headquaters contact information:
Edward Espinoza
Laiou street, Anna Court,
Block A, 7th floor, office 502,
CY-3015, Limassol, Cyprus