Real estate deal in Costa Smeralda

The Italian office of Hanover Bond Law is assisting a major German asset manager in connection with the development of a new luxury resort in Costa Smeralda, the famous “Emerald Coast” in the North of Sardinia.

In 2018 partners Luca Salerno and Luja Ling assisted the client in connection with the acquisition of the resort from the Italian family that owned it from the 1960s. Major works started in Spring 2019 to turn the hotel and the surrounding 15 hectares of pristine landscape into a top destination which is an addition to the client’s existing luxury resorts in the Mediterranean branded “7 Pines”. The overall cost of the operation will be in excess of 45 million Euros.