Floating real estate gains new player
It has become even more valuable to build on water than by the water, says newly formed joint venture Meyer Floating Solutions (MFS). This new entity, created by Meyer Group (a shipbuilding consortium) and Asmares Marine, is focused on developing and manufacturing floating real estate.
MFS says the industry of building real estate on water is expected to grow exponentially, as it offers a whole new opportunity to develop high quality property in valuable locations, and that it is now in the position to bid for mega-projects.
“We are happy to enter additional business areas and use our unique know-how to create floating solutions for housing, tourism, infrastructure and many more,” says Bernard Meyer, chairman of Meyer Group.
“Traditional construction industry is a slow adopter of new technologies. With the two companies’ strengths combined, the joint venture accumulates unprecedented expertise in the field of developing and manufacturing floating solutions”, says Kaj Casén, CEO MFS.
MFS says it has defined sustainability as one of its core values. It says that the entire lifecycle of its products is designed to minimise environmental impact. Overwater buildings are designed with sustainable materials and manufactured in controlled facilities. According to the company, this can reduce waste by over 70 per cent and provides significant cost benefits as well as sustainability compared to traditional construction completed on site.
“The floating real estate solutions are by standard not seagoing vessels. Therefore, there’s a great potential in going into fully energy neutral solutions, where electricity is generated by solar panels and heat pumps use water body to ensure both heating during winter and cooling during summer,” says Casén.
MFS says it offers a variety of floating real estate from private villas up to the world’s largest overwater installations. The company has a selection of standard floating villas and hotels but also serves clients who are after fully customised overwater solutions.
