The company having truncated its last project (the "Paradise Project") in Croatia is continuing to seek and review s advanced real estate projects. I believe that the real estate sector is once again, coming into favor with the expected and imminent drop in the interest rates around the world.
The foregoing opinion & statement certainly is a forward-looking statement, and since I'm about to make more of the same, I urge you to read the "Cautionary Disclaimer" available on the Company's website, and as referred to again later in this presentation.
The Company, having faced the past economic difficult times caused due to the Covid epidemic and subsequent high interest rates to fight inflation, terminated its initial project in Croatia, part of the European Union ("EU"), Additionally, the Company controlled it costs to a minimal level to restrict shareholder dilution. The recent on-going sentiment in the real estate markets of under performance provides the Company an opportunity, once again , to pursue and acquire advanced real estate assets; hence, the Company has embarked on reviewing new projects for acquisition with the expected decline in interest rates and recovery in the Real Estate Sector.
Based on current global economic, social, political, environmental & ecological dynamics & the transforming trends emerging at a time when the world population growth, especially of the elderly reaches new highs, the demand for real estate, especially catering to the elderly, will reach highest levels both in the established westernized economies and the emerging economies. And, this is all happening when the real estate sector needs to emerge from a period of being in somewhat of a disarray. Read CEO & Chairman's full Message ...
