Major New Development Agreed For Grenada,

05-03-2008

 

St. George’s, GRENADA – Peter de Savary, Chairman and Founder of Port Louis, Grenada, has agreed an investment development plan with Park Town Capital Plc, London, England, who will develop up to 90 luxury villas and apartments, each between 4,000 and 6,000 square feet.

 

The properties will overlook the vibrant Port Louis village, the Caribbean Sea and the Camper & Nicholsons superyacht marina. The marina, now open and set for completion this year, offers more than 300 berths for yachts up to 300 feet and a draft of 22 feet.

 

Park Town Capital Plc in conjunction with Cushman and & Wakefield Residential, will develop luxury properties and have appointed Yoo, the international design, branding and development company, co-founded by John Hitchcox and Philippe Starck to carry out the designs.

 

Port Louis residents and visitors will benefit from luxury hotel services, tax free shopping, signature bars and restaurants, an associated golf course, as well as an FBO facility at Point Salines International Airport.

 

Peter de Savary said: “I am delighted to introduce yet another top international investor/developer group to Grenada. Port Louis and Grenada will benefit greatly from the experiences and plans Park Town Capital will deliver to this world-class site.

 

“This is an exciting time for Port Louis and the people of Grenada. This latest development will allow Port Louis to evolve quickly and with true quality.

 

“We are in the process of talking to a number of other investors/developers whom we hope to bring together for other elements of Port Louis thereby having a consortium of specialists to make this a truly world-class destination as soon as possible,” he added.

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“The opportunities for Grenadians will be immense as the project gains momentum.”

 

Daniel McGowan, Chairman, Park Town Capital Plc, said: “Port Louis is an idyllic location in one of the most beautiful natural harbors in the world. We are delighted to be working in partnership with Peter de Savary and leading design company, Yoo. Port Louis is a demonstration of our global ambitions following our projects in Europe and the Middle East.”

 

Duncan Wilson, Development Director, Park Town Capital, Plc, said: “Not only will the Port Louis development create the Caribbean equivalent of St. Tropez, Portofino, St. Baths and Port Cervo, it will also create a major contribution to the economy of Grenada over the long term. We believe a development of this scale will be the catalyst to establish Grenada as the most exclusive and desirable tourist locations in the West Indies.”

 

Nikki Beach, the international renowned hotelier and restaurateur, in partnership with The De Savary Group also plan to construct a 6-star resort/hotel/club with up to 180 rooms and suites within Port Louis.

 

For further information, visit the website www.portlouisgrenada.com

 

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