Crystal Lagoons signs contract to develop 16 new Public Access Lagoons in Australia

US-based multinational innovation company, Crystal Lagoons has signed an important contract with investment fund Vibranium Capital Partners to develop 16 new Public Access Lagoons™ projects, also known as PAL™ developments, in Australia.

Additionally, the agreement considers the possibility of entering with 10 additional projects in other countries in Oceania and Southeast Asia.

Like all public access projects of Crystal Lagoons, the centrepiece is a crystalline lagoon, which can be accessed via ticketed entry. The PAL™ complexes also incorporate restaurants, multifamily areas, hotels, retail, beach clubs, etc.

Alastair Sinclair, Regional Director of Crystal Lagoons notes "Australians love the water and outdoor life. However, as with many tourist destinations worldwide, coastal edges are highly developed, and land is expensive. PAL™ developments offer a successful and sustainable alternative to developing beach and recreational infrastructure in inland areas, giving a larger part of the population access to these recreational spaces.”

Vibranium Capital Partners are an independent boutique investment bank located in Brisbane, Australia providing investment banking and corporate advisory services throughout Australia, North America, ASEAN and European countries. Vibranium has more than 30 years of experience and an investment portfolio of US$4 billion. The firm's interest in the PAL™ model is to expand their strategic partnerships and real estate development opportunities in key markets.

A Vibranium Capital Partners spokesperson added "we look forward to leveraging our experience under this partnership and the potential of Crystal Lagoons® concepts and technology, particularly in Australia. We will now focus on building partnerships with strategic investors, developers, and landowners in each of the territories to bring these projects to fruition.”

Crystal Lagoons is a US-based company that has developed a technology allowing crystalline lagoons of unlimited sizes to be built and maintained at very low costs anywhere.

With over 2,500 patents in 160 countries, its sustainable amenities use up to 100 times fewer chemicals and only 2% of the energy required by conventional swimming pools. Bureau Veritas verified the technology's efficient water use, concluding that a 1-Ha/2.5-ac lagoon utilises 33 times less water than a golf course and 40% less water than a park of the same size. Crystal Lagoons® amenities can use sea, fresh, and brackish water, which has no other use.