Grupo Velutini belongs to Fondo de Valores Inmobiliarios of Venezuela. In the Dominican Republic, it has been the developer and operator of the luxurious shopping center BlueMall Santo Domingo, and the newly opened JW Marriott among other real estate projects in the country. This corporation is also known for its respectable career in Venezuela for over 25 years developing shopping centers and last generation real estate projects. For Grupo Velutini, it is of great relevance to be able to unite efforts with a group that has contributed so much to the development of tourism in the country as Grupo Puntacana. Grupo Velutini’s newest project, BlueMall Puntacana, will contribute significantly to the development and growth of the eastern region of the country.
Grupo Puntacana has been a pioneer in the development of tourism in the area of Punta Cana-Bavaro in the Dominican Republic. It has a long and respectable history of more than 45 years of work. Punta Cana began specifically as the company name, a brand created in 1970 by Frank Ranieri, due to a piece of land originally called Punta Borrachón. Today, Punta Cana has become the most recognized Dominican brand in the world. Currently, Punta Cana is the most visited Caribbean destination and is easily accessible from all parts of the world, in great part because of the efforts of Puntacana Group. Its impact on the national economy, strength, diversity and commitment to sustainable development, making it a point of reference in the national and international tourism sector, consolidates them as developers of destinations.