The groundbreaking ceremony for 3 real estate developments in Punta Cana will take place in February 2024
SANTO DOMINGO – “At GMS Group, we believe in the immense potential of the Dominican Republic, and Punta Cana, with its landscapes, legal security, thriving tourism industry, and its people, presents a unique opportunity.” This is how José Luis Romero Ruiz, president of this Spanish corporation, responds when asked about the reasons that motivated their entry into the Dominican real estate market.
In February 2024, Vivantia Homes, under the umbrella of the aforementioned business group, will break ground on 3 real estate developments in Punta Cana, whose projects will comprise 250 housing units, with a mix of residential options, including apartments, luxury villas and bungalow-type units, which will be located in Cana Bay and Downtown, explains in an interview for El Inmobiliario.
Romero Ruiz maintains that the Spanish group's entry into the Dominican market began two years ago in the East through the leisure industry with Caribbean Lake Park, Maroca, and Batú. It also has a presence in Spain, Portugal, Equatorial Guinea, and the Middle East.
He explains that for the company he represents and his partner Feliz Sancho Arnaiz, president of Grupo San Pablo, the goal is not only to build houses and homes, but to create communities that resonate “with the spirit of this beautiful country and the lifestyle that Punta Cana offers.”.
It details that the three new developments in the Dominican Republic's main tourist destination demonstrate the brand's commitment to quality living spaces and the highest level of design and finishes. It explains the three concepts of the ambitious real estate complex:
“The first, called ‘Oasis Bay,’ is a beachfront community of 172 apartments, designed for those seeking tranquility with a high level of amenities, design, and premium finishes in the heart of Cana Bay. ‘Boutique Oasis Bay’ embraces the lush tropical surroundings, offering residents a harmonious blend with nature in its 18 villas, designed for families seeking privacy without sacrificing luxury,” the Spanish investor points out.
“Finally, ‘Oasis Lake’ offers 60 bungalows inspired by traditional Taíno architecture, in the style of an aparthotel on the shores of a natural lake, with all the services and amenities of the Caribbean Lake Park complex for its residents and visitors, offering an opportunity for investors,” the businessman adds.
Community integration is at the heart of GMS Group's philosophy, says José Luis Romero Ruiz, who explains that they collaborate closely with local stakeholders, from architects to community leaders, to ensure their developments harmonize with the cultural and environmental landscape of Punta Cana. Furthermore, they prioritize sustainability and responsible business practices to contribute positively to the communities in which they operate.
He states that his goal is to contribute to the country's development, create jobs, and leave a positive impact on the communities he serves. "Our journey has just begun in Punta Cana, and we are excited about the opportunities that await us," he concludes.
Diversification
GMS Group started modestly, says its founder, who affirms that over time, it has grown into a diverse conglomerate with interests in telecommunications, audiovisual, event production, and real estate. “Our journey has been marked by strategic expansion,” says the prominent businessman.
The original interview will be available in an expanded version in the printed edition El Inmobiliario starting this Tuesday, the 12th of this month.
