Kleindienst Group reveals The Heart of Europe construction update
Germany, Honeymoon, and Sweden Islands progress as Floating Seahorse underwater homes, Portofino Hotel near handover
UAE-based European property developer Kleindienst Group revealed that construction work on the Germany and Honeymoon Islands of its $5bn (AED18.4bn) The Heart of Europe project is 66% complete, with both schemes entering the final stages of construction as Portofino Hotel notes 50% completion, Sweden Island notes 70% progress, and the Floating Seahorse underwater homes also on track for handover, according to founder and chairman of Kleindienst Group, Josef Kleindienst.
Constructed in the shape of a horseshoe, Germany Island features 32 villas, with some designed for beachfront access, and some others surrounded by a lagoon, a garden, and tropical vegetation.
The island will also host 12 Floating Seahorse villas, touted as the world’s first underwater residences.
The heart-shaped Honeymoon Island features 100 floating seahorse villas, four restaurants, an infinity pool, a children’s pool, play areas, a dive centre, and a spa.
The news came after the developer announced it had recorded revenues exceeding $155m (AED575m) in H1 2019, adding that investor interest in The Heart of Europe – where 2,000 people are currently working – had supported H1 sales.
Kleindienst said its performance was also supported by construction progress at The Heart of Europe, which will receive its first guests at the family-only Portofino Hotel by end-2019.