Prelios starts work on a new resort in Jesolo.
The new Jl Blue Resort on the Adriatic Riviera is a mixed residential and hospitality project from the Prelios Group.
Construction has started on the first part of the complex, which includes three residential buildings with 114 flats and should be completed by autumn 2023. This will be followed by the construction of a further three buildings for mainly residential and accommodation use on an overall area covering over 25,000 square metres.
Focusing on real estate assets
Prelios’ Jl Blue Resort project, carried out by the asset value enhancement business unit of the Prelios Group, is part of the management of Utp (Unlikely to Pay) credits relating to the real estate sector. The objective is the acquisition and management of real estate assets pledged as collateral for substandard loans, through the use of a specialized vehicle company. This belongs to the Reoco real estate company and the aim is to enhance the value of assets, finance their development and manage aspects such as urban development, construction and sales.
