Developing your international property

Track record

Managing Director Jürgen Oddens has many years experience in real estate development, marketing and sales. IPI Internationale Makelaardij B.V. was formed in 2004. This company was first responsible for the restoration and sales of the so-called Fachwerk houses in Quedlinburg, former East Germany. A lack of demand for this type of product lead to full market research being carried out and an alternative focus was initiated, showing commitment to providing a product that met the needs and enthusiasm of a broad target group.

IPI Internationale Makelaardij B.V. started that same year with the beginnings of the development and sales of the apartments on the north coast of Egypt. A hundred apartments were sought and found in 2004 and 2005 for a Dutch owner. The offer of a sales product in Egypt turned out to be a good change of tact, largely due to the low entry levels. The region was also somewhat unknown with the North coast of Egypt not a first thought for those looking to invest. However, the Red Sea area was familiar through its holiday resorts.

Next, IPI Internationale Makelaardij B.V. was approached by a developer in Turkey to support them with development of apartments and villas that, at that time, were in high demand. We were involved with the development and sales of various projects in Alanya and Bodrum. IPI realized that the development system in Turkey was virtually the same as that in Spain. As a result, we also foresaw short-term saturation of the market.

The investment potential of Egypt had begun to receive increased interest and this did not escape IPI’s notice. Investments here meet varying important criteria for investors and tourists alike. IPI chose to develop in the Red Sea area largely because of its commitment to a long-term plan. The experience in Spain, Turkey and the north coast of Egypt has formed the current IPI Group. Partnerships were founded in 2006 as a result of establishing good working relations and consequently agreements were reached.

This resulted in the development of the Zafarana Beach Resort. Organizations were employed and sister companies established to keep the various departments for this resort separate and manageable.

IPI Group plan to develop a minimum of a further 1,500 apartments and hotels in Egypt as well as in other countries that meet our investment criteria. This started by researching various areas around the Red Sea coast for a new plot in Egypt that meets with our long-term objectives. This research started in the second half of 2007 and concluded at the very beginning of 2008. We found the perfect plot near Marsa Alam, commonly considered as the Saint Tropez of Egypt.

From the first quarter of 2008, IPI Group has also been working on the development of the Marsa Alam Beach Resort on the Red Sea in Egypt and construction began in September 2008. The new resort will be developed according to the same philosophy as the Best Western Zafarana Beach Resort. The name of the hotel and resort management company, which we will cooperate with, will be announced at a later date, as was the case in Zafarana. In reading all of the information about this project you will discover everything about the facilities and the service level of this 5 star resort, together with the guarantees and securities, which will both strengthen your investment and the return on your investment.