CLERHP Estructuras buys Terrazas Lago for USD 6.62 million in Cap Cana project deal
Reuters2026/08/13 21:03- CLERHP bought 100% of Terrazas Lago, the developer of the Marelago residential project in Cap Cana, Dominican Republic.
- Purchase price set at USD 6.62 million, to be paid in kind through delivery of finished assets in Larimar City.
- The deal shifts CLERHP from service provider to owner of the Marelago land and project rights.
- Home deliveries scheduled for 2027-2028, targeting at least USD 60 million in sales and USD 20 million in gross margin.
- Marelago has CONFOTUR status, providing tax incentives for tourism projects in the Dominican Republic.
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