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The two story model, named Gunneby, is approximately 1,300 square feet with two bedrooms, two baths, and a sauna. The property also features private dock access to the Schlei-River and Baltic Sea - just 30 feet away from the water. The home is one of 1,000 vacation homes being built in the Port Olpenitz holiday resort. There are also plans for a 400 room hotel with marina, as well as approximately 2,500 docks throughout the entire development. Port Olpenitz is located just outside the gates of the Town of Kappeln on the site of the former Olpenitz naval base, which still houses an historic lighthouse that served as a beacon to guide ships into port. Prime Income Asset Management, along with Port Olpenitz GmbH and HarmInvest GmbH, intends to transform the area into a blossoming port village with vacation homes with individual boat piers, hotels, restaurants, cafes, an 18-hole golf course and all manner of leisure activities.
"Port Olpenitz is a unique example of how the interests of the developer and the interests of the environmentalists can both be met when we work together to find common ground. Our resort will provide exclusive one of a kind vacation homes, and at the same time preserve and protect the surrounding environment," explained Jaksa Harm, Managing Partner at Port Olpenitz GmbH
Port Olpenitz GmbH has introduced zoning changes due to mutual concessions between the developer and several environmental associations. A river landscape with 300 additional homes has been added between the harbor and newly designed golf course and several front harbor vacation homes will now be placed 500 to 1,500 feet off shore in order to maintain the land reserve.
"We have always aimed to preserve the environmental beauty of the area and the agreed conditions between our company and the environmentalists will benefit everyone. With the newly established reserve the vacation homes will have permanent unobstructed ocean views to Denmark, as well as complete privacy to the North," adds Gene E. Phillips advisor to Prime Income Asset Management.
Prime Income Asset Management, LLC (www.primeasset.com) is a Dallas-based real estate management and energy sector advisor, which develops and manages in excess of $3.5 billion in value of commercial real estate and energy related assets for various public and private entities. Prime also provides direct or sub-advisory services to both domestic and international entities engaged in real estate, gas, oil, electricity and communication operations. Entities advised or assisted by Prime include American Realty Investors, Inc. (NYSE:ARL); Transcontinental Realty Investors, Inc. (NYSE:TCI); and Income Opportunity Realty Investors, Inc. (AMEX:IOT). From time to time, Prime consults with Gene Phillips (www.genephillips.org) who serves in a senior advisory capacity with Prime.
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SOURCE: Prime Income Asset Management, LLC
Prime Income Asset Management Chris Childress, 469-522-4275 press@primeasset.com
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