One of the largest single-resort islands in the Maldives archipelago, Villingili Resort & Spa, formerly known as Shangri-La's Villingili Resort and Spa, has been made available for investment. Since the outbreak of the Covid-19 pandemic, the resort's operations have been suspended for more than two years.
On behalf of Addu Investment Private Limited, CBRE group has been appointed as the sole agent for the sale of the properties under the Shangri-La brand in the Maldives. CBRE is one of the world's largest commercial real estate services and investment firm. Starting from June 7th, 2022, CBRE will accept Expression of Interest (EOI) offers from investors.