SANTO DOMINGO, Dominican Republic, Feb. 23, 2012 (GLOBE NEWSWIRE) -- With its recent announcement of an overall 300% sales increase in 2011, Group Metro, a leading real estate and transportation company based in Santo Domingo, is pleased to announce that it has surpassed significant milestones specifically for Las Olas, one of it's beachfront developments in Juan Dolio. As of February 2012, the development reached 97% sold and will deliver units by Summer 2012. Additionally, the development has reached the final stage of construction, now focusing on the finishing details of the common areas including the swimming pool, lobby, parking area and additional amenities. Las Olas is one of Group Metro's four properties within the real estate portfolio in Juan Dolio, all of which have experienced great movement in the last year.
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"The coastal town of Juan Dolio is an increasingly burgeoning destination within the country where the investment is ideal for local second home buyers seeking a weekend destination," explains Dr. Luis Jose Asilis, CEO of Group Metro. "Our team truly understands Las Olas' unique purchasers and the desires and expectations they have for their residences. We are very excited to reach this phase and look forward to its completion and delivery this summer."
Located in Juan Dolio, 35 km from Santo Domingo, the capital city of the Dominican Republic, and 15 km from the Las Americas International Airport, Las Olas is a sixteen level Art Deco style beachfront condominium that features 227 apartments showcasing open spaces and panoramic views of the Caribbean Sea.
Group Metro owns 85% of the real estate market share in the Juan Dolio region. In additional to Las Olas being nearly sold out, Group Metro anticipates another active year with its other developments Marbella and Costa Blanca. Most recently the company re-launched the 2nd phase of Marbella, announced additional lots for sale at Costa Blanca, and will soon be celebrating the opening of the golf course and Clubhouse.
About Group Metro
Group Metro has established a formidable international reputation throughout its four decades of experience in transportation, tourism and real estate. From its landmark property, Metro Country Club, to the oceanfront condominium developments of Costa del Sol, Marbella, Costa Blanca and Las Olas, Group Metro has become the definitive company for real estate and tourism in the Dominican Republic. Led by its visionary CEO, Dr. Luis Jose Asilis, the company has played an integral role in putting the Dominican Republic on the map as a top Caribbean destination. For more information, visit www.groupmetro.com, www.metrocountry.com.
