Accredited Business Consolidators Corp. announced that it entered into a one-year exclusive option to purchase over 1,500 acres of land in Nicaragua’s Región Autónoma del Atlántico Sur near a location known as “Ghost Point.”
Agents of AccreditedBiz during an investor retreat in Bluefields acquired the land purchase option. The option prohibits the seller from entering into any agreement with third parties to purchase or develop the land without the exclusive permission of AccreditedBiz for three months. During the next thirty (30) days, AccreditedBiz will conduct extensive due diligence as to the parcel. The due diligence will include a title investigation.
Depending on the route of the Nicaragua canal chosen by HKND Group, managed by Wang Jing of China, and the Government of Nicaragua, it appears that the canal would need to cross through the land. AccreditedBiz will most likely gift a portion of the land to Nicaragua to the extent it is demonstrated that they need the land for the canal and providing it receives access to access roads that will be built.
AccreditedBiz learned that about fifty acres may be inhabited by indigenous persons operating farms. The Company, with the goal of providing opportunities and assistance to the inhabitants, will make special efforts to preserve their operations, housing, and culture in addition to offering them opportunities.
If the option is executed, the Ghost Point land will provide AccreditedBiz with a large portfolio of land in addition to the 130 acres it presently owns on the Bay of Bluefields along with the 300 acres it is in the process of purchasing.
AccreditedBiz agents toured the Región Autónoma del Atlántico Sur on November 9, 10, and 11, 2013.
