Anguilla: Harbour Grande (EQT)
Harbour Grande development is a waterfont condominium resort located on 10 acres at Little Harbour of Anguilla Island and will be part of a hospitality and hotel management program.
Harbour Grande is a classic, yet inspired, luxury resort development situated on the Caribbean Sea nearby mountain landscape of the island of St Marteen. It comprises 540 elegantly appointed guest rooms and suites featured alongside exceptional service and an array of amenities providing projected IRR's of 23 %. Additionally a 130 slip marina will be developed in future phase.
With unrivaled views from this tropical paradise situated in the Leeward Islands of the Lesser Antilles, residents and guests will enjoy elegantly appointed hotel residences with all the pleasures yet none of the stress associated with home ownership. Familiar comforts and luxury amenities ensure owners and island vacationers are furnished to create a modern yet tropical style. Impeccable concierge service teams are trained to anticipate and exceed expectations.
Anguilla is a British overseas territory in the Caribbean. It is one of the most northerly of the Leeward Islands in the Lesser Antilles, lying east of Puerto Rico and the Virgin Islands and directly north of Saint Martin, separated from that island by the Anguilla Channel. The territory consists of the main island of Anguilla itself, approximately 16 miles (26 km) long by 3 miles (5 km) wide at its widest point, together with a number of much smaller islands and cays. The island's capital is The Valley. The total land area of the territory is 35 square miles (90 km2), with a population of approximately 15,000.
Anguilla is one of the Caribbean's smallest islands but produced some of the region's highest growth rates during the late 1980's. This growth was a direct consequence of the Government's emphasis on up-market tourism which led to a period of rapid construction, (new hotels, rental villas, and condominiums), which substantially expanded the island's tourism sector.
Several major infrastructure projects contributed to the construction boom, which helped to reduce unemployment from about 26 percent in the mid 1980's to barely 1 percent in 1990.
Accessibility: By Air: Anguilla is served by Clayton J. Lloyd International Airport (prior to 4 July 2010 known as Wallblake Airport). The primary runway at the airport is 5,462 feet (1,665 m) in length and is able to accommodate moderate-sized aircraft. Services connect to various other Caribbean islands via regional carrier LIAT, local charter airlines and others. Although there are no direct scheduled flights to or from continental America or Europe, Tradewind Aviation and Cape Air provide scheduled air service to San Juan, Puerto Rico. Airport can handle large narrow-body jets such as the Boeing 727, Boeing 737 and Boeing 757. By Sea: There are regular ferries from Saint Martin to Anguilla. It is a 20-minute crossing from Marigot, St. Martin to Blowing Point, Anguilla. Ferries commence service from 7:00 am. There is also a Charter Service, from Blowing Point, Anguilla to Princess Juliana Airport (also known as Saint Maarten International Airport) to make travel easier. This way of travel is the most common method of transport between Anguilla and St. Martin or St. Maarten.
Highlights: The Anguilla Government and the private sector are currently actively promoting the island as not only a premier tourist destination, but as the offshore jurisdiction for discerning investors. The establishment of the offshore finance industry is aimed at diversifying and complementing the tourist industry. Over the past twenty-five years Anguilla has carefully developed a relatively small but high-end tourism sector, which has enjoyed some of the region’s highest growth rates. Stay-over arrivals jumped from 111,118 in 2002 to 164,067 in 2007 and contributed to growth in economic activity, foreign exchange earnings and employment. Current tourism policy articulates a number of guiding principles that shape the policy objectives for the sector. The strategy focuses on using Anguilla’s environment, culture and people as the foundation for building a unique product, and incorporates elements of industry regulation, environmental sustainability, inter-sectoral linkages, human resource development and sector planning, among other things.
Tourism: The substantial growth of the tourism industry on Anguilla has caused a spark in the field of construction. New hotels and other tourist destinations have been built on the island, which means more work in the construction business. The overall impact of the ever-expanding tourism industry has been a positive one for Anguilla's economy. Anguilla is aimed at the high-end traveller. The resorts are 5-star expensive. The tourist restaurants are as gourmet as any tourist will find in New York’s Manhattan and as expensive. Anguilla offers breathtaking oceanfront and ocean view property for a fraction of the price that you would pay on "discovered" Caribbean islands.
Real Estate: Today, Anguilla's economy has taken the same route as many other tropical islands: tourism. People from all over the world come to visit the region's beautiful beaches and other tourist attractions. Anguilla’s easygoing lifestyle, one of “beautiful beaches, security, social harmony, excellent water quality and great dining,” attracts many foreign home buyers, particularly those between the ages of 35 and 50. There are private elementary schools, so the island appeals to families with children under age 10. The vast majority of foreign home buyers in Anguilla are from the United States, particularly the Northeast. A much smaller number of buyers comes from Europe, particularly the United Kingdom, and Canada according to Global Property Guide. The bulk of foreign home sales are taking place in the $750,000 to $1.5 million range becoming attractive for affluent foreigners seeking a third or fourth home.
Economy: The economy of Anguilla depends heavily on luxury tourism, offshore banking, lobster fishing, and remittances from emigrants. Due to its small size and reliance on tourism and foreign direct investment, Anguilla is vulnerable to external economic conditions in the United States and Europe. Therefore, economic growth in Anguilla can be very volatile. Anguilla has a GDP (purchasing power parity) of $108.9 million (2004 est.), a GDP (real growth rate) of -8.5% (2010 est.), and a GDP per capita PPP of $8,800 (2004 est.). As of 2002, 78% of its GDP was derived from services, 18% from industry, and 4% from agriculture. In 2011 Anguilla became the fifth largest jurisdiction for Captive Insurance, behind Bermuda, Cayman, Vermont and Guernsey. The captive industry plays an ever increasing and important part of Anguilla's financial services industry. Captive management firms, including Capstone Associated Services, have staffed offices in Anguilla in order to service the fast-growing captive insurance industry. Anguilla's currency is the East Caribbean dollar (XCD). The exchange rate has been fixed since 1976 at 2.7 East Caribbean dollars per US dollar. Anguilla's financial system comprises 7 banks, 2 money services businesses, and approximately 40 company managers, more than 50 insurers, 12 brokers, more than 250 captive intermediaries, more than 50 mutual funds, and 8 trust companies.
Offshore Investment: Project may represent a government approved investment opportunity in equity assets in designated locations.
Visa Investor Programs: Participation in offering may provide investors with access to an investment country immigration investor program. To obtain a safe haven residency or citizenship under immigration programs, it is very important to establish “business ties” with that country. A business investment may qualify the investor for government sponsored immigration programs.
Available Conversion Options: Multi Family Residence, Vacation Ownership
IMPORTANT INVESTOR NOTICE! Following Rules apply :
|US Investors (US residents)||FOREIGN Investors (non-US residents)|
|Accredited: YES. Admitted for investment.||Accredited: Contact [email protected] to determine eligibility|
|Non-Accredited: NO. Not admitted for investment.||Non-Accredited: Contact [email protected] to determine eligibility.|
Information on US Accreditation Rules.
GRANDEINVEST & THE GRANDE ORGANIZATION: GrandeInvest is an advanced technology based investment real estate platform offering financial participation in sports celebrity and luxury branded and international prime real estate worldwide. It is a product of The Grande Organization LLC (TGO) based in New York, New York. The Grande Organization markets and develops integrated luxury real estate, investments and related branded sports amenities. The Grande Organization's real estate portfolio includes Grande Club & Residences, Grande Residences, Grande Resort, Ocean Grande Resort, Harbour Grande and Grande Mountain Villas. Its development focus is on properties in key metropolitan cities and waterfront destinations throughout the Americas, the Bahamas and the Caribbean, Asia, Australia, Great Britain, Europe, and the Middle East. Qualified investors can benefit from investments in mixed-use developments, hotels, retail, spas, restaurants as well as residential and vacation properties.
LOCAL PARTNERS: Anguilla Social Security Investment and Development Corporation (ASSIDCO). The Anguilla Social Security Board is a sustainable organization that serves residents of Anguilla through universal social security coverage. The Anguilla Social Security Board exists to improve the quality of life in Anguilla by providing meaningful social security to workers & beneficiaries and fostering socio-economic development the country. The Anguilla Social Security Board was established under the Social Security Act 1980. After 20 years of operation, the Social Security Fund stands in excess of $100 million with are over 9700 persons registered as insured persons.
ASSIDCO has in many respects been a trend-setter among Caribbean investment systems. In order to achieve a much needed diversification and to achieve higher overall returns, the ASSIDCO has engaged a financial consultant, Smith Barney and utilizes fund managers for some of its funds on the United States and International stock market. In 1986, ASSIDCO created Social Security Development fund to invest in socially desirable projects including Sports, Education, Culture and Health. The Anguilla Social Security Board holds membership in the Inter American Conference on Social Security (CISS) and the International Social Security Association (ISSA).
DEVELOPMENT TEAM: Moss & Associates is a privately held construction firm with eleven regional offices from Hawaii to Florida and the U.S. Virgin Islands. FDG USA is a full service planning, architectural and interior design firm. It serves private and governmental clients and brings over 95 years of collective experience in master planning, hospitality, entertainment, mixed-use, office, education, medical, residential, religious, retail, gaming and resort projects in the United States and overseas. George F Young Inc., founded in 1919, provides a team of technicians and specialists including Architects, Civil Engineers, Ecologists, GIS Professionals, Hydrographic Surveyors, Land and Urban Planners, Landscape Architects, and Real Estate Professionals. George F Young specializes in property transaction, educational facilities, parks and recreation and transportation infrastructure support. Allen+Philip Architects, focusing primarily on hospitality and urban mixed-use developments, including destination resorts, hotels, signature spas, casinos, golf and country clubs, specialty retail, and restaurants, have been recognized for their design capability with more than 40 design awards. Pininfarina represents one of the most prestigious brands in architecture and interior design for residential, hospitality, sports, and commercial structures.