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| INTERNATIONAL
NEWS UPDATE |
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| 1. |
Tamarina Golf Estate
in Mauritius - click here
Buyers at Akasha, the second phase
of the successful Mauritian IRS (Integrated
Resort Scheme) development, Tamarina Golf
Estate and Beach Club, will have the added
benefit of a major new shopping mall, which
is being developed on a 4.3-hectare site
just five kilometres away, as well as a
boutique hotel right on their doorstep.
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| 2. |
London Sales - click
here
South African property investors
are showing a renewed, robust appetite for
prime located central London property with
8 apartments already sold by Pam Golding
Properties following their recent local
launches of Avington House in Queen Mary’s
Place and Trinity Place in Raynes Park –
both brilliantly situated in South West
London. |
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| NEW
SHOPPING CENTRE BEING DEVELOPED NEAR
TAMARINA GOLF ESTATE IN MAURITIUS |
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Buyers
at Akasha, the second
phase of the successful
Mauritian IRS (Integrated
Resort Scheme) development,
Tamarina Golf Estate and
Beach Club, will have
the added benefit of a
major new shopping mall,
which is being developed
on a 4.3 hectare site
just five kilometres away,
as well as a boutique
hotel right on their doorstep.
Cascavelle Shopping
Mall
Says Fabrice Orengo de
Lamazière, a director
of the International &
Projects Division of Pam
Golding Properties (PGP),
marketers of the luxury
villas at Akasha: “In
a prominent position at
the bustling Flic en Flac
junction, the Cascavelle
Shopping Mall will be
an elegant, landmark lifestyle
centre providing an appealing
mix of retailers, including
South African anchor tenant
Pick n Pay.
Cascavelle Business
Park
The first shopping mall
for the west coast of
Mauritius, the centre
is being developed by
Medine Property in a joint
venture with high profile
international partners
Retail Africa and GIMCO.
Next to the Shopping mall,
Medine Property has started
the construction of the
first phase of the Cascavelle
Business Park consisting
of 4000m² of office
buildings.
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| Artist’s
impression of the
new shopping mall
to be built just
five kilometres
from Tamarina Golf
Estate & Beach
Club in Mauritius. |
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Food and Entertainment
“This means that residents
at Akasha will have convenient
quick access to a wide range
of facilities including a food
court and high-quality entertainment
as the centre is expected to
become the single stop for all
the needs of shoppers in the
western part of the island,”
he says.
Few Units Available
Although PGP has experienced
a strong demand for villas at
Akasha, units are still available
for purchase at prices starting
from U.S.$1.5 million and situated
along the river or on a plateau
overlooking the river, sea and
golf course, with scenic mountain
views.
Sound Capital Growth
Says de Lamazière: “Purchasers
at Akasha are assured of the
potential for sound capital
growth on their original investment
as evidenced by the fact that
the average price of re-sales
in the first phase at Tamarina
Golf Estate and Beach Club exceeds
$2 million, which is almost
double the value of the initial
purchases when the development
was released.
| “Over
the past year, 12 such
luxury villas at Tamarina
have been re-sold to a
mix of South African,
French and UK buyers.” |
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New
4-Star Hotel
In addition to the shopping
centre, residents at Akasha
will have access to a
brand new 4-Star, 50-bedroom
boutique hotel on the
land adjacent to the Tamarina
Beach Club and the 18-hole
championship golf course,
which will further enhance
the appeal of the lifestyle
and facilities available.
Hotel Amenities
Scheduled to open at the
end of 2010, the stylish
hotel will include a restaurant
and an infinity swimming
pool with snack bar overlooking
Tamarin Bay, as well as
a spa with steam room,
massage rooms and private
swimming pool.
Hotel Accommodation
The 50 spacious rooms
of the hotel will each
have a walk-in wardrobe
and large bathroom and
will either be sea-facing
or have a private terrace
or balcony overlooking
a luxurious garden with
4 swimming pools connected
by a river. The site of
the hotel is in an area
renowned for its spectacular
sunsets and dolphin-watching.
| Left:
Artist’s impression
of the new 4-Star
boutique hotel being
developed adjacent
to Tamarina Golf
Estate & Beach
Club in Mauritius. |
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| SA
PROPERTY INVESTORS SHOW RENEWED APPETITE
FOR PRIME CENTRAL LONDON RESIDENTIAL
PROPERTY |
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| Artist’s
impression of Avington
House in Queen Mary’s
Place in South West
London. |
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South
African property investors
are showing a renewed,
robust appetite for prime
located central London
properties with 8 apartments
already sold by Pam Golding
Properties following their
recent local launches
of Avington House in Queen
Mary’s Place and
Trinity Place in Raynes
Park – both brilliantly
situated in South West
London.
Serious Enquiries
“As a result of
our South African presentations
of these prime located
residential developments
and over just a three-
to- four- week period
we have registered close
to 400 serious new enquiries
for London property, most
specifically for these
two projects,” says
Dr Andrew Golding, CE
of the Pam Golding Property
(PGP) group.
Strong Investment
Appeal
“This
very positive response
eclipses any development
launches we’ve held
in recent years and is
indicative of the strong
investment appeal and
sound value of the projects,
and is coupled with the
strength of the Rand,
which affords an opportune
time to buy and hedge
against currency devaluation.
Investors are also demonstrating
a desire to make use of
their offshore allowances
and externalise funds,”
he says. |
Trinity Place Sales
At Trinity Place, where 21 private
apartments are on offer, all
within easy reach of Wimbledon
Common and Raynes Park Station,
PGP have sold 6 apartments comprising
four 1-bedroom units at approximately
£250 000 and two 2-bedroom
units priced at £350 000
and £375 000 respectively.
Queen Mary’s Place
Sales
Two 2-bedroom units have already
sold for around £370 000
in Avington House in Queen Mary’s
Place, a collection of luxury
apartments and houses within
the historic grounds of Roehampton
House in the heart of South
West London’s ‘Golden
Triangle’. Several further
sales are currently under negotiation.
Investment Purchases
Comments Chris Immelman, MD
of the PGP group’s International
Division: “The buyers
to date are from Gauteng, with
the bulk purchasing purely for
investment purposes and one
buyer purchasing for his own
use coupled with the investment
factor.
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Follow
Ups
“We
are now extremely busy
following up on all the
other enquiries and are
confident this will result
in further confirmed sales
in coming weeks. A number
of interested investors
plan to either visit the
projects on site during
the next few weeks, and/or
have a friend or family
member visit on site and
provide feedback.
Strong UK
Demand
“Given
the fact that economic
conditions remain constrained
makes the response to
these two projects particularly
promising. The calibre
of interested investors
at our presentations was
high, and they had conducted
their own initial research
and were familiar with
the projects and the investment
proposals. A good indicator
of the investment potential
of both developments is
the strong demand already
shown by UK investors,”
says Immelman.
Trinity Place
Popular
Trinity Place proved to
be the more popular locally
among South African investment
buyers mainly due to the
close proximity to the
train station, while Avington
House in Queen Mary’s
Place appealed more to
owner occupiers, with
the added benefit of good
rental income potential
should they wish to let
out the apartments. |
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| Artist’s
impression of Trinity
Place in South West
London. The development
includes a Waitrose
store, coffee shop,
residents’
gymnasium and car
club. |
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For
further information
contact Byron Dick,
PGP’s London sales
manager on +27 (0) 83
655 7444 or +27 (0)
21 762 2617, or email
london@pamgolding.co.za |
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Pam Golding Property
Group Head Office:
Monterey, 12-14 Klaassens Road, Bishopscourt, Cape Town,
7708.
South Africa
www.pamgolding.co.za |
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