Oct 20 2015
Strategic Global Investments, Inc. (the "Company"), a development stage company focused on building luxury time share units on its 10 acre parcel of land in Los Cabo, Baja, Mexico, is pleased to announce the construction plans to complete its first small luxury villa.
As announced in our recently released Corporate Update, the Company has placed tremendous focus on building out its Time Share property in Los Cabos, Baja, Mexico. The economic environment has become increasingly favorable for the Company to execute its ongoing business plan and complete the first Small Luxury Villa ("SLV"). The initial 5000 square foot showcase SLV is currently 65% complete. The additional 29 villas on the debt free property will be between 2300 to 2500 square feet and will be constructed as market demands dictate.
Andrew Fellner, CEO of the Company, commented, "We initially invested in the project prior to the 2008 market crash. We've since seen a massive recovery in the time share market, which has prompted us to continue construction of our first Villa to meet current market demand." He added, "It's a very exciting time for the Company and to see our new business plan coming to fruition further validates our vision."
Strategic Global Investments, Inc.
Strategic Global Investments, Inc. currently owns a 10 acre development property in Los Cabos, Baja that provides it with a substantial asset base and future income. The company has obtained the required building permits, environmental approvals and all other government approvals that are required for construction of current units planned for this project. The company has a real estate development subsidiary, which specializes in developing Eco-friendly, luxury real estate in highly desirable vacation destinations. This subsidiary looks to acquire and develop land in resort locales, and then build, market and sell small luxury resort homes, called Small Luxury Villas ("SLV") on a fractional ownership basis.
Source: http://www.strategicglobalinvestments.net/