Government Land Reclamation Project in Monaco to Yield More Available Coastline Real Estate

    MONACO, October 22, 2013 /24-7PressRelease/ -- Luxury real estate firm La Costa Properties Monaco has a long history of helping clients sell, purchase, and rent high-end homes in Monaco and the French Riviera. With news of Monaco's ambitious land reclamation project progressing, agents at La Costa Properties Monaco anticipate the principality's coastline--and real estate market--to expand, creating a new luxury neighborhood in front of the Grimaldi Forum.

A project several years in the making, Prince Albert II's land reclamation efforts are similar to those of his father, Prince Rainier III, who helped develop Monaco's economy with land reclamation. The first reclamation project, the Larvotto beach district, was created in the early 1960s. Next, the Fontvieille industrial area was created in the 1970s, adding 20 percent to Monaco's surface area.

More recently, Port Hercules was transformed in 2002 with a semi-floating breakwater, increasing its capacity and allowing larger cruise ships to dock. Port Hercules is also the home of the new Yacht Club.

Monaco's newest land reclamation, the Grimaldi Forum project, is estimated to cost 1 billion Euros for the first structural phase and set to be completed in 2014 after a suspension in 2009 due to worldwide financial crisis. Creating about 12.5 acres of land by building into the Mediterranean Sea, the new district will extend the western side of Fontvieille district, which is the historic area.

La Costa Properties Monaco has represented the most luxurious Monaco properties throughout the Principality in the neighboring French Riviera. "Our multilingual consultants assist clients in all phases of a property transaction--from searching and negotiation to exchange of keys," said La Costa Properties Monaco Co-Manager Luciana Gaia Lebon. "Our hard-earned reputation as luxury property specialists in Monaco comes from our high level of service."

Clients looking to buy property in Monaco or the French Riviera--whether it is offices, penthouses, villas, or other investments--can see regularly updated listings at www.lacosta-properties-monaco.com. "Potential buyers can browse our selection of residences for sale and contact us directly," said La Costa Properties Monaco Co-Manager Eugenia Petrini. "Our experienced team of agents will discreetly present a selection of properties tailored to the client's specifications."

In addition to property sales, La Costa Properties Monaco also lists flats to rent in some of the highest demand locations--from sea-view modern penthouses to fine old townhouses in Monte Carlo. "We have residences to suit all tastes," said Petrini. "Our clients can be confident they will have a pleasing stay." Rental property listings can also be viewed online at www.lacosta-properties-monaco.com.

The qualified and experienced staff at La Costa Properties Monaco advises and guides clients in their search for apartments, penthouses, villas, and offices--both to rent and to buy. With full service legal and accountant departments, La Costa Properties Monaco competently manages properties. Clients always receive attention, advice, availability, and a large selection of available properties for sale in Monaco and neighboring French Riviera.

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