YOO announces first project in Lima in collaboration with ACM
June 27th 2013
YOO, the design company founded by international property entrepreneur John Hitchcox and celebrated designer Philippe Starck, announces its appointment by ACM Grupo to design Malecon by YOO, a major luxury residential project in Lima, Peru designed by YOO inspired by Starck which will launch in the first half of 2013.
ACM Grupo, one of Peru’s leading property developers, will work with YOO to design a single 17-storey tower in the upmarket area of Miraflores, Lima. Malecon by YOO is set on a dramatic cliff front and comprise 29 luxury residential apartments, all with spectacular views of the ocean. Lima and the coastal areas of Peru are currently undergoing impressive growth, marked by the surge in property development. This is the first YOO project in Peru.
John Hitchcox, Founder of YOO, says: “It is fantastic that we are on track to design Malecon by YOO, our exciting luxury residential property with ACM Grupo, and we are very happy to be working in Peru. Since our launch in 1999, YOO has designed and branded over 49 projects in 37 cities around the world. Malecon by YOO expands our portfolio in Latin America; we plan to bring more projects to the region in the future so that more people can experience the YOO way of living.”
Malecon by YOO will have a YOO inspired by Starck designed lobby, pool and pool deck, gym and meeting room. Three parks are located directly behind the site, which will offer residents 360 degree views of nature. The building area comprises of 12,000.00 square meters with a saleable floor area between floors 2-17. The GDV of Malecon by YOO is estimated at $30,000,000m.
Malecon by YOO is set to complete in September 2014.