HAVANA — A British real estate developer plans to break ground early next year on Communist-run Cuba's first luxury golf resort, a $500 million project that would be the largest private foreign investment on the island since the fall of the Soviet Union.
With relations improving between the United States and Cuba, tourism and real estate are seen by many businesses as the most interesting investments, and the race is on to get in.
Ian Livingstone, co-executive chairman of London & Regional, said in a telephone interview from London that construction would begin in the first quarter of 2016 in conjunction with an international building firm yet to be named.